Despite higher mortgage rates and home prices, houses are flying off the market this spring, according to the National Association of Realtors Existing Home Sales Report released last Friday. Home resales boomed by 4.4 percent in March, the best month-to-date since February 2007.
In this week’s economic review, mortgage rates returned to favorable lows while reports showed that home prices continue to rise and listed homes are selling quickly.
In this week’s economic review, job openings were up considerably but hiring lagged, consumer sentiment continued to increase, mortgage rates declined, and consumer prices dropped significantly.
In this week’s economic review, mortgage rates fell back for the third week in a row, consumer spending continued to pick up and March’s employment report disappointed.
If you've been following news in the economic world, you know that last month the Federal Reserve moved on the decision to raise the federal funds rate for the first time in 2017 and the third time since December 2015. While their decision reflects an improving economy, there are a few ways the rate increase affects you as a consumer.
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.