Tag: Jobless Claims

What’s Ahead For Mortgage Rates This Week – June 5, 2023

Limited supplies of homes for sale drove home prices up in March. Home prices rose by 0.40 percent month-to-month as compared to 0.70 percent year-over-year. Cities with the highest rates of home price growth were Miami, Florida, where home prices rose 7.70 percent year-over-year, Tampa, Florida with a year-over-year pace of 4.80 percent home price growth, and Charlotte, North Carolina, where home prices rose by 4.70 percent year-over-year.

What’s Ahead For Mortgage Rates This Week – May 30, 2023

Homeowners weren’t in a hurry to sell their homes due to the low mortgage rates they obtained during the pandemic. Current mortgage rates are higher than pandemic-era rates, which influenced homeowners to stay in their homes and keep their lower existing mortgage rates.

What’s Ahead For Mortgage Rates This Week – May 1, 2023

Last week’s economic reporting included readings on home prices, sales of new homes, and pending home sales. Monthly and year-over-year readings for inflation were published along with weekly reports on mortgage rates and jobless claims.

What’s Ahead For Mortgage Rates This Week – April 24, 2023

The National Association of Home Builders reported that builder confidence in current housing market conditions rose by one point to an index reading of 45 in April. April’s reading was the fourth consecutive month showing increasing builder confidence. The March and April index readings of 44 and 45 were the strongest since September 2022. A year ago the homebuilder confidence reading was 77.