Existing Home Sales Archives

Central Bank Meetings Quickly Offset High Volatility for Mortgage Rates

Central Bank Meetings Quickly Offset High Volatility for Mortgage Rates

Rick Young 2022-04-02T14:26:57+00:00 December 17th, 2021|Categories: MortgageTime|Tags: Consumer Spending, Core PCE, European Central Bank, Existing Home Sales, Federal Reserve, Housing Starts, New Home Sales, Retail Sales|

In an action-packed week, analysts saw Central Bank meetings quickly offset high volatility for mortgage-backed securities.

Surprising Consumer Spending Growth Leads to Retail Sales Surge

Surprising Consumer Spending Growth Leads to Retail Sales Surge

Rick Young 2022-04-02T14:29:39+00:00 November 19th, 2021|Categories: MortgageTime|Tags: Consumer Spending, Core PCE, Coronavirus, COVID-19, Existing Home Sales, Housing Inventory, Housing Starts, New Home Sales, Retail Sales|

The theme of this week revolved around surprising consumer spending growth. As a result, retail sales saw an overall surge.

Luxury Home Sales Rise as the Market Overcomes Housing Challenges

Luxury Home Sales Rise as the Market Overcomes Housing Challenges

Rick Young 2022-04-02T14:30:57+00:00 October 22nd, 2021|Categories: MortgageTime|Tags: Core PCE, Coronavirus, COVID-19, ECB, Existing Home Sales, Housing Starts, Inflation, New Construction, Unemployment, Unemployment Insurance Claims|

This past week saw luxury home sales rise as the market overcomes age-old housing challenges. Although the market saw little economic news, mortgages rates also rose. Ultimately, investors still focus on higher inflation.

Strong Consumer Spending Offsets Inflation Driving Mortgage Rates Down

Strong Consumer Spending Offsets Inflation Driving Mortgage Rates Down

Rick Young 2022-04-02T14:31:21+00:00 October 15th, 2021|Categories: MortgageTime|Tags: Consumer Spending, Existing Home Sales, Housing Starts, Inflation, Mortgage-Backed Securities, Treasury Bonds|

The past week saw strong consumer spending. This data offset weak inflation figures. As a result of the reporting, mortgage rates ended slightly lower.

Mortgage Rates Unbelievably Fluctuate Right After Fed Meeting

Mortgage Rates Unbelievably Fluctuate Right After Fed Meeting

Rick Young 2022-04-02T14:32:14+00:00 September 24th, 2021|Categories: MortgageTime|Tags: Core PCE, Durable Orders, Employment, Existing Home Sales, Housing Starts, ISM, ISM Manufacturing, Mortgage-Backed Securities, Personal Income|

This week, mortgage rates fluctuate unbelievably in the wake of Wednesday's Fed meeting. This fluctuation included their largest movement in sometime.

Retail Sales Jump in a Really Surprising Week

Retail Sales Jump in a Really Surprising Week

Rick Young 2022-04-02T14:32:32+00:00 September 17th, 2021|Categories: MortgageTime|Tags: Consumer Spending, Core CPI, Coronavirus, COVID-19, CPI, Existing Home Sales, Housing Starts, New Home Sales, Retail Sales|

In a really surprising week, analysts saw retail sales jump far above the consensus while Consumer Price Index failed to reach it.

Investors Focus on Targeted MBS Buying As Fed Nears Goals

Investors Focus on Targeted MBS Buying As Fed Nears Goals

Rick Young 2022-04-02T14:33:26+00:00 August 27th, 2021|Categories: MortgageTime|Tags: Employment, Existing Home Sales, Housing Inventory, Inflation, ISM Manufacturing, MBS, Trade Balance, Unemployment|

Investors focus on targeted MBS buying as Fed nears goals. However, Fed Chair Powell did not provide an updated timeline for policy changes. As a result, mortgage rates ended the week slightly higher.

Retail Sales Dropped as Travel & Entertainment See a Boom

Retail Sales Dropped as Travel & Entertainment See a Boom

Rick Young 2022-04-02T14:33:32+00:00 August 20th, 2021|Categories: MortgageTime|Tags: Consumer Spending, Core PCE, Employment, Existing Home Sales, Housing Starts, New Home Sales, Personal Income, Retail Sales, Travel|

While significant economic news came out this week, retail sales dropped. In spite of this, the travel and entertainment industries saw a major a boom.