Mortgage Rates Unfazed by Blockbuster Headlines; Down Slightly This Week
Mortgage rates fell slightly this week, fluctuating over the past few days on an abundance of economic, monetary policy and geopolitical headlines.
Mortgage Rates Unfazed by Blockbuster Headlines; Down Slightly This Week
Mortgage rates fell slightly this week, fluctuating over the past few days on an abundance of economic, monetary policy and geopolitical headlines.
December Case-Shiller Results and January Forecast: Slowing home price gains
As the start of the busy home shopping season looms, someone squinting at the market might be able to find signs of both normalcy and balance as the market continues to cool off after a years-long sizzle.
December Housing Starts: Clear Declines, But an Incomplete Picture
December housing starts fell 11.2 percent from November and 10.9 percent from a year ago, to just over 1 million units, according to the Census Bureau.
January Existing Home Sales: Another Disappointment, But Spring is Coming
Existing home sales fell 1.2 percent in January from December, and were down 8.5 percent from a year ago to 4.94 million sales (SAAR).
Polar Vortex, Shutdown Should Temper Mortgage Rate Response to January Data
For the third week in a row, mortgage rates ended the week roughly where they began it, near their lowest levels since March 2018.
Forecasts for Existing and New Home Sales (January 2019)
Zillow expects estimates January existing home sales to rise 0.9 percent from December. The outlook for new home sales is somewhat cloudier, because December new home sales data still have not been released as a result of the partial government shutdown.
Amazon’s Exit From New York Most Likely to be Felt By Early Long Island Investors
Amazon’s announcement that it will not build a new headquarters in Long Island City is expected to impact not only the local housing market, but also D.C. and Nashville.
There were slightly more than 1.6 million U.S. homes listed for sale on Zillow in January, up 1.2 percent from a year ago and the first annual gain recorded in January since prior to 2014.
Mortgage Rates Essentially Flat Again, But Threatening to Rise
Mortgage rates were mostly flat again this week, but have the potential to climb after markets received encouraging news in recent days.
Fed Fallout, Overdue Data Drive Rates Into and Out of Long-Term Lows
Mortgage rates ended the week largely where they began it, despite sharp movements following last Wednesday’s Federal Reserve announcement.
