What’s Ahead For Mortgage Rates This Week – February 11th, 2019

Last week’s economic news included Federal Reserve Chair Jerome Powell and weekly readings on mortgage rates and new jobless claims.

What’s Ahead For Mortgage Rates This Week – February 4th, 2019

Last week’s economic reports included readings new and pending home sales, Case-Shiller housing market indices and consumer sentiment. Weekly reports on mortgage rates and first-time jobless claims were also released.

What’s Ahead For Mortgage Rates This Week – January 28th, 2019

Last week’s economic news included readings on sales of previously owned homes and weekly readings on average mortgage rates and new jobless claims. A scheduled report on sales of new homes was not available due to the government shutdown.

What’s Ahead For Mortgage Rates This Week – January 22nd, 2019

Last week’s economic reports included National Association of Home Builders’ Housing Market Index, the Federal Reserve’s Beige Book report and the University of Michigan’s Consumer Sentiment Index. Weekly readings on mortgage rates and first-time jobless claims were also released.

What’s Ahead For Mortgage Rates This Week – January 14th, 2019

Last week’s economic reports included remarks by Federal Reserve Chair Jerome Powell, readings on inflation and core inflation. Weekly readings on mortgage rates and first-tome jobless claims were also released. If the government shutdown continues, it is expected to impact release dates for readings from federal government agencies.

What’s Ahead For Mortgage Rates This Week – January 7th, 2019

Last week’s economic reports included Labor Department readings on private and public sector jobs, the national unemployment rate. Weekly readings on mortgage rates and first-time jobless claims were also released. Monthly reporting on construction spending was delayed due to the government shutdown.

Case-Shiller: Home Price Growth Grinds to Lowest Rate in 2 Years

Home prices rose by 0.40 percent in October according to Case-Shiller’s 20-City Home Price Index and were unchanged from September’s year-over-year reading of 5.50 percent growth.

What’s Ahead For Mortgage Rates This Week – December 31st, 2018

Last week’s economic reports included readings from Case-Shiller Housing Market Indices, National Association of Realtors(R) on pending home sales and weekly readings on mortgage rates and new jobless claims.

The Commerce Department’s reading on sales of new homes was delayed due to the federal government’s shutdown.

FOMC Raises Key Rate, Forecasts 2 Rate Hikes in 2019

During its post-meeting statement, the Federal Open Market Committee of the Federal Reserve announced that its target range for the Fed’s key interest rate would increase one quarter percent to 2.25 to 2.50 percent. While this rate hike was not expected by the Executive branch, it met analyst expectations.

How Will Interest Rates Affect the Market in 2019?

Forbes and other reputable publications have predicted a continued rise in interest rates over 2019. The initial shock of the Fed’s action caused a slowdown in real estate markets over the final part of 2018. As the shock wears off, experts are divided as to whether more expensive money will continue to translate into lower housing starts and occupancy rates for primary markets.