Market Outlook

25 Sep 2023

What to Expect for Mortgage Rates This Week – September 25th, 2023

Mortgage RatesMarket Outlook, Mortgage Rates

In the latest round of economic updates, we delved into the state of the U.S. housing market, scrutinizing indicators like housing starts, building permits, and the Federal Reserve's post-meeting statement from the Federal Open Market Committee. This comprehensive review also encompassed data on the sale of pre-owned homes, along with the regular reports on mortgage rates and jobless claims. Home Builders' Confidence Dampened by Rising Mortgage Rates The confidence of homebuilders took a hit in September as they assessed the conditions in the U.S. housing market. The index for September stood at 45, falling short of the anticipated 49.5 and…

Economic Insights: Navigating Inflation, Mortgages, and Consumer Sentiment – 9/18/2023

Market OutlookFinancial Reports, Market Outlook, Mortgage Rates

Last week, we witnessed a mix of economic updates, encompassing various facets of the financial landscape, including inflation trends, consumer sentiment, and the weekly fluctuations in mortgage rates and unemployment claims. Inflation Sees a Modest Uptick in August On September 13th, the latest monthly inflation data was released, revealing a 0.3 percent increase in core inflation for August compared to July. This figure slightly exceeded the expected 0.2 percent rise and surpassed July's 0.2 percent increase. According to the Consumer Price Index, August recorded a year-over-year inflation rate of 3.7 percent. Zooming out for a broader perspective, inflation in the…

Mortgage Rate Projections for the Week – July 24th, 2023

Blog, Market OutlookMarket Outlook, Mortgage Rates, What’s Ahead

The National Association of Home Builders Sees Positive Outlook In July, the National Association of Home Builders (NAHB) reported a one-point gain in home builder confidence, with an index reading of 56. This surpassed analysts' predictions of 57 and also marked a rise from June's reading of 55. The index reading above 50 indicates that most home builders remain confident about the current U.S. housing market conditions. It's worth noting that home builder confidence has been on the rise for the seventh consecutive month. Mixed Component Readings The NAHB's Home Builder Confidence Index had mixed component readings for July.…