In this week’s economic review, mortgage rates softened, existing home inventory improved and new home sales climbed, mostly due to softened pricing.
In this week’s economic view, the Fed made moves on hiking interest rates for the second time in three months, home builders grew even more confident in the new home market, and job openings were in line with their 2-year trend. Mortgage rates continued their climb.
In this week’s economic review, mortgage rates increased, consumer spending jumped in February, and booming job growth boosted the likelihood of Fed rate hike in March.
In this week’s economic review, mortgage rates declined while the pending home sales index offset the outlook for future existing home sales. Reports released this week also highlighted consumer confidence, as well as confidence in the job market.
In this week’s economic review, new and existing home sales saw opposite results heading into 2017 while home prices in both indexes saw losses. The Fed released minutes from their most recent meeting, which suggested the likelihood of another interest rate hike.
In this week’s economic review, January’s consumer prices hit a stride, retail sales increased and home builder confidence slipped. Mortgage rates eased slightly.
In this week’s economic review, the gap between job openings and hiring narrowed slightly and consumer sentiment and spending eased. Mortgage rates fell minimally while the refinancing share of mortgage activity fell to a 7-year low.
In this week’s economic review, reports featured strength in pending home sales, home prices, consumer confidence, and job growth, as well as the Fed’s as-expected decision to leave rates unchanged.
This week’s biggest economic news stories centered on dropping mortgage rates, housing market confidence and the consumer price index.