25 Jul 2022
By Tawnya King

What’s Ahead For Mortgage Rates This Week – July 25, 2022

Financial Reports
Last week’s economic news included readings from the National Association of Home Builders on home prices, Commerce Department readings on building permits issued, and housing starts.  The National Association of Realtors® reported on sales of previously-owned homes; weekly reports on mortgage rates and jobless claims were also released. NAHB Housing Market Index Posts Lowest Reading Since May 2020 The housing market is cooling off according to July’s NAHB Housing Market Index, which declined to an index reading of 55 as compared to June’s reading of 67 and the expected reading of 66. July’s reading was the second lowest posted since…
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05 Jul 2022
By Tawnya King

What’s Ahead For Mortgage Rates This Week – July 5, 2022

Financial Reports
Last week’s scheduled economic news included reports on home prices, pending home sales, and inflation. Weekly readings on mortgage rates and jobless claims were also released. S&P Case-Shiller: National Home Price Growth Ticks Down in April Home price growth slowed in April according to the S&P Case-Shiller National Home Price Index as growth slowed by 0.20 percent to a 20.40 percent gain year-over-year. Slower growth in home prices suggested that affordability concerns have caught up with the rapid home price growth seen during the pandemic. The S&P Case-Shiller 20-City Home Price Index reported that Tampa, Florida home prices gained 35.8…
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01 Jul 2022
By Tawnya King

Case-Shiller: Home Price Growth Slows in April

Financial Reports
U.S. home price growth continued but slowed in April according to the S&P Case-Shiller Home Price Indices. The national home price index posted year-over-year home price growth of 20.4 percent in April as compared to the corresponding home price growth rate of 20.6 percent in March. Analysts said that diminishing affordability was slowing rapid gains in home prices seen during the pandemic. 20-City Home Price Index: Florida and Arizona Report Top Home Price Growth Rates The top three cities for year-over-year home price growth in April’s 20-City Home Price Index were Tampa, Florida with a reading of 35.8 percent; Miami,…
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27 Jun 2022
By Tawnya King

What’s Ahead For Mortgage Rates This Week – June 27, 2022

Financial Reports
Last week’s economic reporting included readings on home sales, Fed Chair Jerome Powell’s testimony on monetary policy to the House Financial Services Committee, and the University of Michigan’s Consumer Sentiment Index. Weekly reports on mortgage rates and jobless claims were also released. New Home Sales Pace Rises as Pre-Owned Homes Sales Pace Slows The Commerce Department reported a seasonally-adjusted annual pace of 696,000 new homes sold in May; analysts predicted a year-over-year pace of 587,000 new homes sold as compared to April’s year-over-year pace of 629,000  new homes sold. While the year-over-year pace of new home sales increased by 10.70…
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21 Jun 2022
By Tawnya King

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 Tawnya King

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…
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06 Jun 2022
By Tawnya King
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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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