Weekly Economic Review:  Job Growth Weakens, Wages Reach Post-Crisis High

Posted by Laine Smith on 1/6/17 9:44 AM

This week's economic review centers on job growth, which ended the year softer than expected. Mortgage rates, which had been on a 9-week climb, experienced the first drop (12 basis points) since November.

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Weekly Economic Review: Consumer Confidence Hits 15-Year High, Pending Home Sales Stumble

Posted by Laine Smith on 12/30/16 9:00 AM

This week in economic news mortgage rates continued their climb for the ninth straight week, according to HousingWire, consumer confidence continued strengthening and pending home sales felt the squeeze of rising mortgage rates.

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Weekly Economic Review: Home Sales Increase, Prices & Mortgage Rates Follow Suit

Posted by Laine Smith on 12/23/16 10:37 AM

Mortgage rates hit a two and a half year high this week after the Fed announced their expected decision to raise the federal funds rate. Existing home sales and new home sales made surprising strides in November as dwindling supply put pressure on home prices.

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Weekly Economic Review: Fed Raises Rates, Consumerism Cools in November

Posted by Laine Smith on 12/16/16 9:39 AM

Major economic news this week centered around the steady rise of mortgage rates, the anticipated Fed decision and retail sales.

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Weekly Economic Review: Mortgage Rates Reach Another Yearly High, Job Openings Slip

Posted by Laine Smith on 12/9/16 10:00 AM

This week in economic news mortgage rates continued their climb, job openings declined and daily consumer spending continued to grow in November.

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Weekly Economic Review: Mortgage Rates Continue Climbing, Pending Home Sales Slow

Posted by Laine Smith on 12/2/16 1:10 PM

This week's economic review includes mortgage rates, which reached highs not seen in over a year. Meanwhile, employment reports indicated strength in payroll growth while the unemployment rate fell.

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Weekly Economic Review: Existing Home Sales Reach Highest Level Since 2007

Posted by Laine Smith on 11/26/16 9:58 AM

Major economic reports released this week included new and existing home sales, as well as home pricing. Mortgage rates continued to climb causing volatility in mortgage applications.

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Weekly Economic Review: Mortgage Rates Rise, Housing Starts Surge

Posted by Laine Smith on 11/18/16 8:33 AM

This week’s economic reports centered on consumers and new home construction. Mortgage rates ended the week higher and not far from where they were a year ago.

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Weekly Economic Review: Job Growth Slows in September, Consumer Optimism Rises

Posted by Laine Smith on 11/12/16 9:00 AM

Following this week’s election results, mortgage rates jumped to a 5-month high. While September job openings saw little change, labor market conditions are continuing to show optimism, alongside consumer reports.

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Weekly Economic Review: Mortgage Rates Jump, October Job Growth & Wages Show Strength

Posted by Laine Smith on 11/4/16 11:15 AM

This week’s economic news centered in on job growth, increasing wage strength, an as-expected decision from the Federal Reserve and increasing mortgage rates.

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