Financial Reports , ,

What’s Ahead For Mortgage Rates This Week – June 10th, 2019

Last week's economic releases included readings on construction spending, public and private sector jobs and national unemployment. Weekly reports on mortgage rates and first-time unemployment claims were also released. Construction Spending Little Changed in April Census Bureau readings for April showed a minor dip in construction spending as compared to revised figures for March. $1,295.5 billion was spent on a seasonally-adjusted annual basis and missed the expected reading of $1,314.7 billion. March construction spending was revised to $1,299.2 billion. Falling mortgage rates were good news for home buyers, but concerns over global economic disputes and higher materials prices concerned home…
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Mortgage Rates ,

What’s Ahead For Mortgage Rates This Week – May 9, 2016

Mortgage rates fell across the board last week according to Freddie Mac's Primary Mortgage Market Survey. Other economic news included reports on construction spending, public and private sector employment and national unemployment. Construction Spending Grows in March The Commerce Department reported that the growth rate for construction spending fell in March to 0.30 percent/Analysts expected a reading of 0.70 percent based on February's upwardly revised growth rate of 1.0 percent. Construction spending was propelled by a 1.50 percent increase in residential construction spending; this is good news for would-be home buyers who've been shut out of the market due to…
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Market Outlook , , ,

What’s Ahead For Mortgage Rates This Week – December 07, 2015

Multiple economic reports released last week indicate further improvement in economic conditions. Pending home sales, construction spending and ADP payrolls increased while Non-farm Payrolls fell and the national unemployment rate held steady. The details: Pending Home Sales, Construction Spending Increase According to the Commerce Department, pending home sales increased by 0.20 percent in October as compared to September's reading of -2.30 percent. Construction spending of 1.00 percent for October exceeded September's reading of 0.60 percent growth and expectations that October's reading would hold steady with a growth rate of 0.60 percent. Increased construction spending suggests that home builders may increase…
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