Home price gains continue to cool as they drift down to more normal levels due in part to an uptick in housing inventories. The S&P Case-Shiller 20-City Home Price Index rose 3% from February 2018 to February 2019, up 0.2% from January to February. Th
Apr 30, 2019 | Mortgage News
Initial Jobless Claims is a weekly report that tracks how many people have filed for unemployment benefits. It is both a solid gauge on the state of the labor market and economy and a leading indicator on what to expect in the months ahead. So, what ar
Apr 12, 2019 | Mortgage News
The Bureau of Labor Statistics reports that payroll growth rebounded in March after the weak reading in February. Non-Farm Payrolls rose 196,000 last month, above the 175,000 expected and above the 33,000 created in February. For January and February, upw
Apr 05, 2019 | Mortgage News
U.S. mortgage rates plummeted last week, as investors continue to fear slower international economic growth. According to Freddie Mac, the average rate on a 30-year fixed-rate mortgage (FRM) loan dropped to 4.06%, down from 4.28% the week before and the l
Apr 04, 2019 | Mortgage News
CoreLogic reports that home prices, including distressed sales, rose 4% from February 2018 to February 2019 as gains begin to cool to more normal levels after the 4.4% increase year-over-year seen last month in January. In early 2018, gains were seen in t
Apr 02, 2019 | Mortgage News
The monetary authority of the United States, the Federal Reserve, meets 8 times a year to discuss the economy and adjust monetary policy to promote maximum employment and maintain price stability (inflation). The Fed, led by Chairman Jerome Powell, met
Mar 22, 2019 | Mortgage News
