Market Update: Rates Trend Lower; New Home Sales

cmgfi cmgfi | 1 year ago

Last week, mortgage rates trended downward to hit three-week lows. Again, no huge contributing factor or obvious reason for the large sways in rate trends right now other than the extreme volatility of the current market.

cmgfi cmgfi | 1 year ago

Market Update: Rates Trend Higher; Case-Shiller Home Price Index, Pending Home Sales, and PCE Index Coming Up This Week Blog posted On September 26, 2022 Last week, mortgage rates trended higher. Mortgage rates have been trending higher since the release of the latest consumer price index, which showed that inflation is at higher-than-expected levels. The Federal Open Market Committee (FOMC) also made a unanimous decision to raise the benchmark interest rate by anothe...

cmgfi cmgfi | 1 year ago

Market Update: Rates Fluctuate; Existing Home Sales, New Home Sales Coming Up This Week Blog posted On June 20, 2022 Mortgage rates trended sharply upward near the beginning of last week as a response to the latest Consumer Price Index (CPI), which revealed that inflation is at its highest level in 40 years. Interest rates do not favor high inflation numbers. Typically, with higher inflation comes higher rates. And the release of May’s CPI proved no different. The m...

Market Update: Rates Trend Lower; NAHB Index, Housing Starts and Building Permits, and Existing Sale...

cmgfi cmgfi | 1 year ago

Mortgage rates dropped to some of the lowest levels in two weeks towards the middle of last week. Typically, decreases that drastic only happen but once a year and are tied to some huge event happening in the market. But this year is a year like no other. The volatility alone in the 2022 market has spawned some dramatic climbs and tumbles for rates. Commenting on the drops from last week, Mortgage News Daily CEO and founder Matthew Graham writes, “It's a sign of 2022's times that ther...

North Texas new home sales, pending sales and prices still rising

bizjournals bizjournals | 1 year ago

North Texas new home sales climbed last month and pending sales are rising, signaling continued strength in the housing market moving into the summer despite inventory challenges, rising mortgage rates, inflation and other headwinds. New home prices also continue to climb, setting another record last month.

cmgfi cmgfi | 1 year ago

Market Update: Rates Fall; New Home Sales and Fed Interest Rate Decision Coming Up This Week Blog posted On July 25, 2022 Last week, mortgage rates trended down to two-week lows due to weak economic data in the U.S. and announcements from the European Central Bank (ECB). The Philadelphia Fed Index resulted in a chart that pointed to big economic weakness, which is good news for interest rates. The ECB also released an announcement about a new bond-buying program that ...

cmgfi cmgfi | 1 year ago

Market Update: Rate Fall; Pending Home Sales, Case-Shiller Home Price Index, and Construction Spending Coming Up This Week Blog posted On June 27, 2022 Mortgage rates trended downward last week after a rally in the bond market following Federal Reserve Chairman Jerome Powell’s testimony. During his testimony, he subtly prepped the markets for the possibility of a slowdown. When the economy slows, interest rates typically drop. This week, there are several important ...

Metro area home sales plunge as prices trend lower - Mortgage Rates & Mortgage Broker News in Canada

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

Home sales in Canada’s major metro areas are well off of last year’s historic numbers, while home prices continue to trend downward. In the Greater Toronto Area, home sales were down 41% from last year, while home prices posted a 5.5% monthly decline. In the Greater Vancouver Area, sales were down 35% year-over-year while home prices fell 1.9% month-over-month. However, average prices are still above year-ago levels for now, with prices in Toronto up 5.3% and prices in Vancouver up 12.4%. ...

www.realtor.com www.realtor.com | 1 year ago

The numbers: U.S. pending-home sales fell in June by 8.6%, according to the monthly index released Wednesday by the National Association of Realtors. Analysts polled by the Wall Street Journal had forecast the pending home sales index to drop by 1%. The drop in pending home sales is the biggest since the depths of the pandemic in April and March 2020. It also follows gloomy data on new home sales, builder confidence, as well as declining mortgage application volume. Key details: Compared with ...

‘The Spring Housing Market Is Off to an Unpredictable Start’: Pending Home Sales Fall Amid Risin...

www.realtor.com www.realtor.com | 1 year ago

Pending home sales dropped 1.2% in March, according to the monthly index released by the National Association of Realtors. The post ‘The Spring Housing Market Is Off to an Unpredictable Start’: Pending Home Sales Fall Amid Rising Mortgage Rates appeared first on Real Estate News & Insights | realtor.com®.

Market Update: Rates Trend Lower; New Home Sales and Pending Home Sales Coming Up This Week |

Market Update: Rates Trend Lower; New Home Sales and Pending Home Sales Coming Up This Week |

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Market Update: Rates Trend Lower; New Home Sales and Pending Home Sales Coming Up This Week |

Market Update: Rates Trend Lower; New Home Sales and Pending Home Sales Coming Up This Week |