Financial Reports

04 Jun 2018

What’s Ahead For Mortgage Rates This Week – June 4th, 2018

Financial Reports

Last week's economic reports included readings on Case-Shiller home prices, pending home sales and construction spending. Weekly readings on mortgage rates and new jobless claims were released, along with monthly labor-related reports on job creation and the national unemployment rate. Case-Shiller: Home Prices Maintain Rapid Growth S&P Case-Shiller home price indices for March showed home prices continued to grow at blazing rates. Seattle, Washington held on to first place with a seasonally-adjusted annual rate of 13.00 percent; Las Vegas, Nevada reported 12.40 percent growth in home prices in March. Analysts said Las Vegas markets benefitted from homebuyers relocating from high-priced…

29 May 2018

By Randy Courtney

What’s Ahead For Mortgage Rates This Week – May 29th, 2018

Financial Reports

Last week's economic reports included readings on sales of new and previously-owned homes along with weekly readings on mortgage rates and new jobless claims. Home Sales Lower in April Sales of new and previously-owned homes were lower in April. The Commerce Department reported sales of new homes at a seasonally-adjusted annual rate of 662,000 sales. New home sales were 1.50 percent lower than for March, but were11.60 percent higher year-over-year. Analysts expected new home sales to rise to 682,000 sales based on the March reading of 672,000 new homes sold. Sales of new homes are calculated based on a small…