MORTGAGE UPDATE 1/23/2023

Week of January 16, 2023 in Review Recent housing data brought some better than expected news, while wholesale inflation cooled in December. The contraction in manufacturing continued this month. Here are the details: Sales of Existing Homes Higher Than Expectations Sales of Existing Homes Higher Than Expectations Two Sides to Housing Starts Data Is the […]

Mortgage Update 1/17/2023

Week of January 9, 2023 in Review Consumer inflation continued to cool in December, but there were also more signs of an economic slowdown. Here are last week’s key headlines: -Consumer Inflation Continues to Ease -Inflation Remains Top Problem for Many Small Businesses -Seasonal Factors Likely Impacted Latest Jobless Claims -Services Sector Shows Signs of […]

Mortgage Update 1/9/2023

Week of January 2, 2023 in Review   The new year kicked off with crucial labor market data, an update on home prices and a warning from the International Monetary Fund:   >Slower Wage Growth >Data Boosts Bonds >Stronger Than Expected Private Sector Job Growth in December>Jobless Claims Decline But Holidays Likely Skewed Data>Home Prices […]

MORTGAGE UPDATE 1/3/2023

Week of December 26, 2022 in Review After the market closures Monday for the Christmas holiday, housing news highlighted last week’s calendar: Are Signed Contracts on Existing Homes Set to Rebound This Year? Home Prices Have Softened But Annual Appreciation Is Still Strong Challenges Remain for Job Seekers, Data Shows Are Signed Contracts on Existing […]

MORTGAGE UPDATE 12/27/2022

Week of December 19, 2022 in Review The markets had plenty of news to feast on last week, including the latest data on consumer inflation, home sales and home construction. Here are the highlights: Consumer Inflation Headed in Right Direction Inventory of Existing Homes Declined for Fourth Consecutive Month New Home Sales Beat Expectations in […]