Higher Mortgage Rates on Hold After Weak Retail Sales Data
Gold prices rose more than 1% on Wednesday as weaker-than-expected U.S. data increased prospects for an interest rate cut by the U.S. Federal Reserve, dragging the dollar lower.Spot gold was 1.2%.
· Consumer spending is alive and well, it seems – unwelcome news for today’s Bay Area home buyers. Wednesday, the Census Bureau will release its March Retail Sales figures and the report is expected to show higher sales receipts for the 9th straight month.A strong reading like that should spell higher mortgage rates in Pleasanton and nationwide.
Meanwhile, an anomalous spike in real M1 and a surge in mortgage applications prompted by a decline in mortgage rates raise the. is close to making a new high. November data included increases in.
(Bloomberg) — U.S. retail sales and factory output in June exceeded expectations and underscored steady economic growth even as Federal Reserve officials signal they’re prepared to reduce interest rates.The value of retail purchases rose 0.4% for a second month, more than the 0.2% median projection
Sales were up in nearly every retail sector on a month-to-month basis. New home sales increased by 4.5 percent in March, to a 692,000-unit annual rate. That was the strongest monthly sales rate since November 2017 and a positive though tentative sign of stronger housing demand.
Mortgage rates today, February 16, plus lock recommendations Mortgage rates today, February 8, plus lock recommendations – As surprising as you may find the title. And now.Mortgage rates today, February 1, 2019, plus lock recommendations Today’s Interest Rates – calhfa.ca.gov – Today’s Interest Rates. May 26 2019 07:32AM (Pacific Time) Data below is effective as of March 1 2019 08:00am (pacific time). rate lock. location eligible (le) Rate Lock.
However, positive U.S. retail sales data. higher, flattening the yield curve and diminishing expectations for a Fed rate cut in June. Benchmark 10-year notes last fell 1/32 in price to yield 2.0942.
Remember that your credit scores and the loan-to-value ratio of your property could have a much bigger impact on your refinance rate than a slight shift in average mortgage rates, says Malcolm Hollensteiner, director of retail lending sales for TD Bank in Vienna, Virginia.
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Published on 2018-07-16. US Retail Sales Post Biggest Gain in 6 Months. US retail trade rose by 0.8 percent month-over-month in May 2018, following an upwardly revised 0.4 percent advance in April and easily beating market expectations of a 0.4 percent gain. It was the steepest increase in retail trade since November.
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