This morning saw two relatively positive reports come out. The markets had little reaction to this data, as they continued to monitor the equity markets and the situation in Europe for any new information that might provide more insight into the situation there. GDP and Consumer Sentiment Data Released The first report was the release of [...]
Tag Archive | "consumer sentiment"
Mortgage rates got some relief today, improving slightly after spending most of the week rising, mirroring activity we saw last week. Today marked the most mild day the bond markets have seen in weeks. While the hope is that this may signal a change in the upward trend for mortgage rates, this will remain to [...]
This week is seeing mortgage rates decrease a bit after a rise over the past few weeks. The overall theme this week is that the economic data that was released was good, but not great, which was a bit of a disappointment to the markets. This means that the lackluster data helped exert downward pressure [...]
For the third time in three months, existing-home sales (homes that have been previously occupied, not new) rose in January, while inventories continued to improve, according to the National Association of Realtors. Additionally, new home sales for January fell by 0.9% from December to 321,000 sales, which is better than the market expected, yet even more [...]
This week there will be key economic data coming out that will shed light on the state of inflation, housing, manufacturing, retail sales and consumer sentiment. While mortgage rates have maintained their lows in the past few weeks due to consistently poor performance by leading economic indicators (this is good for mortgage rates), it is [...]