Mortgage interest rates improved slightly on the week as economic data was mostly weaker than expected. Economic data weaker than expected included May Retail Sales excluding automobile sales, May Industrial Production, May Capacity Utilization, and the University of Michigan Consumer Sentiment Index. In Europe, the Euro-area economy contracted 0.2% in the first quarter, extending its [...]
Mortgage interest rates were somewhat flat week over week despite high volatility as today’s employment report for May was in line with expectations. May Non-Farm Jobs increased by 175k on expectations that they would increase by 167k. Non-Farm Private Jobs increased by 178k, the same amount as expected. The unemployment rate increased to 7.6% on [...]
Mortgage interest rates increased again this past week sparked by Congressional testimony from Fed Chairman Ben Bernanke before the Joint Economic Committee. In his testimony, Bernanke said that the Fed may begin thinking about ending the current quantitative easing in the next three or four FOMC meetings. The current quantitative easing includes $85 billion in [...]
Mortgage interest rates increased slightly again this past week despite mostly weaker than expected economic data. Economic data weaker than expected included March Business Inventories, the May Empire State Manufacturing Index, April Industrial Production, April Capacity Utilization, the May Philadelphia Fed Business Index, weekly jobless claims, and April Housing Starts. Economic data stronger than expected [...]
Mortgage interest rates increased slightly again this past week despite limited economic data for markets to digest. Economic data of note included weekly jobless claims which fell 4k on expectations that they would increase by 12k. Weekly jobless claims are at their lowest level in five years. The four week average of claims fell to [...]
Mortgage interest rates increased slightly this past week largely on today’s April employment report. The unemployment rate fell to 7.5% on expectations that it would be unchanged at 7.6%. The unemployment rate is at its lowest level in five years. Non-Farm Payrolls increased by 165k on expectations that they would increase by 153k. February and [...]
Mortgage interest rates improved slightly on the week as economic data was mixed. Economic data stronger than expected included weekly jobless claims and the University of Michigan Consumer Sentiment Index. Economic data weaker than expected included March Existing Home Sales, March Durable Goods Orders, and the first look at Q1 GDP. During Q1, the drop [...]
Mortgage interest rates were flat again this past week as economic data continued to be mostly weaker than expected. Economic data weaker than expected included the April New York Empire State Manufacturing Survey, the April NAHB Housing Market Index, March Building Permits, weekly jobless claims, March Leading Economic Indicators, and the April Philadelphia Fed Business [...]
Mortgage interest rates were mostly flat on the week as economic data continued to be soft. Economic data weaker than expected included February Wholesale Inventories, March Retail Sales, the April University of Michigan Consumer Sentiment Index, and February Business Inventories. Retail Sales fell by the most in nine months and the Consumer Sentiment Index fell [...]
Mortgage interest rates improved this past week as economic data was mostly weaker than expected. Economic data weaker than expected included the March ISM Manufacturing Index, the March ADP Employment Estimate, the March ISM Services Sector Index, weekly jobless claims, March Non-Farm Payrolls, and March Non-Farm Private Payrolls. Non-Farm Payrolls were expected to increase by [...]
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