Mortgage Rates Highest in a Week Ahead of Retail Sales Report
Mortgage rates rose last week as investors gained confidence in the global economy. China and Europe posted better-than-expected manufacturing rates, U.S. Jobless Claims fell for the second straight week, and the worst of the European debt crisis appears to have passed.
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On the housing front, new home sales were down 7.8 percent in May to the lowest annual rate. Inside Mortgage Finance ranked us #3 non-bank retail lender for our 2018 production. Contact Jeremy.
Even if mortgage rates approach 5.5 percent as we expect by the end of 2019, which would be the highest mortgage rates in a decade, they would still be low by historical standards.
Meanwhile, investors will also get a look at the state of U.S. retail sales, while England. Here’s what you need to know for the week ahead. 1. Stocks near all-time highs A surprisingly strong June.
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U.S. mortgage rates fell below 4 percent last week, which may encourage a rush of home buyers. Last week, the average rate on a 30-year fixed-rate mortgage was 3.9 percent, the Wall Street Journal.
Mortgage Rates Edge Higher Ahead of Retail Sales Data Aug 14 2018, 3:04PM Mortgage rates were sideways to slightly higher today, depending on the lender.
Pending Home Sales beat estimates as the positive effects of sharply lower mortgage. a critical week of employment data in the week ahead. With a Federal Reserve interest rate cut now all.
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Mortgage rates this week. At the current 15-year fixed rate, you’ll pay $745.21 each month for every $100,000 you borrow, down from $747.23 last week. At the current 5/1 ARM rate, you’ll pay $484.36 each month for every $100,000 you borrow, down from $487.27 last week.
To reinforce it more, retail sales. report. They face a strong headwind from low rates eating into their profit margins,
Mortgage rates forecast for 2019: Experts agree that rates will rise Most experts agree: mortgage rates will rise in 2019. Stave off higher home costs by locking in current rates. Unfortunately, mortgage rates don’t give warning before they rise.
Mortgage rates often rise when economic growth is expected. This explains why November’s jobs report pushed mortgage rates worse friday, too – Wall Street underestimated the Non-Farm Payrolls report which showed 146,000 net new jobs created, and didn’t expect to see the national Unemployment Rate drop to 7.7%. This week, mortgage rates may rise again with new inflation data and a Retail Sales report set for release.