Housing Market Shows New, Encouraging Data This Week
As the housing market shows new, encouraging data this week, it still faced overshadowing from Wednesday's Fed meeting.
As the housing market shows new, encouraging data this week, it still faced overshadowing from Wednesday's Fed meeting.
After a large decline in 2019 to the lowest levels in several years, mortgage rates finally reversed the trend due to this week's reports.
Mortgage rates saw little change after mixed economic data this week as investors look towards major central bank meetings later in the month.
August ended quieted as trade tensions eased this week. In the last week of the month, mortgage rates remained relatively stable.
This week, the Core Consumer Price Index showed inflation on the rise. Overall, this reflected negatively for mortgage rates.
The United States faces strong job gains alongside the Fourth of July weekend, making for a very volatile mortgage market.
This week, the Mexican trade deal agreement caused market volatility. However, the net effect of all the news remained minor.
As the U.S. realized weak labor market data, it saw job gains tailspin unexpectedly, leaving a favorable impact on mortgage rates.
This week, the real estate market faced mixed new home sales data while the trade tensions left a positive effect for mortgage rates.
This week, the Employment Report on Friday showed a healthy economy. Beyond that, investors also watched Wednesday’s Federal Reserve meeting.