21 Jun 2022
By Randy Courtney

What’s Ahead For Mortgage Rates This Week – June 21, 2022

Financial Reports
Last week’s economic news included reporting on home builder confidence in national and regional housing markets, a post-meeting statement from the Federal Reserve’s Federal Open Market Committee, and Fed Chair Jerome Powell’s news conference. The National Association of Home Builders released its national and regional housing market indices. Weekly readings on mortgage rates and jobless claims were also published. NAHB Housing Market Indices Reflect Slowing Growth in Housing Markets June readings from the National Association of Home Builders showed slower growth in builder confidence in current and future U.S. housing markets. The NAHB reported the lowest reading in two years…
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13 Jun 2022
By Randy Courtney

What’s Ahead For Mortgage Rates This Week – June 13, 2022

Financial Reports
Last week’s economic reporting was highly focused on inflation, which grew at its fastest pace since 1981. Rising fuel and food prices boosted inflation in the U.S. and abroad; Analysts said the Ukraine War and supply chain problems continued to drive inflation. Weekly readings on mortgage rates and jobless claims were also released. Inflation Hits Highest Level in 41 Years The government’s Consumer Price Index, which tracks inflation, rose at a month-to-month pace of 1.0 percent in May compared to the expected reading of 0.70 percent and April’s reading of 0.30 percent growth. May’s Core Consumer Price Index, which excludes food and…
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06 Jun 2022
By Randy Courtney

What’s Ahead For Mortgage Rates This Week – June 6, 2022

Financial Reports
Last week’s economic reporting included readings from S&P Case-Shiller Home Price Indices, The Federal Housing Finance Agency on home prices for homes owned or financed by Fannie Mae and Freddie Mac, and reporting on Construction spending. Weekly readings on mortgage rates and jobless claims were also released. S&P Case-Shiller: Home Prices Rise in March, but Affordability May Slow Future Gains National home prices grew at a year-over-year pace of 20.60 percent in March according to S&P Case-Shiller’s National Home Price Index. The 20-City and 10-City Composite Indices also showed continuing growth in home prices, but analysts cautioned that rising home…
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