Housing Sector Picks Up with New Home Construction on the Horizon
As the housing sector picks up, mortgage rates remained relatively quiet this week as the trade negotiations with China offered little news.
As the housing sector picks up, mortgage rates remained relatively quiet this week as the trade negotiations with China offered little news.
This week, investors focused on international events as the eye-opening Brexit vote looms and United States-China trade deal makes progress.
Surprisingly, mortgage markets left this past week’s astonishing impeachments talks ignored after news of President Trump's inquiry.
As the housing market shows new, encouraging data this week, it still faced overshadowing from Wednesday's Fed meeting.
This week, the real estate market faced mixed new home sales data while the trade tensions left a positive effect for mortgage rates.
After unexpected strength, consumer spending spiked retail sales to end the week. However, Thursday’s report caused little reaction.
As analysts place focus on the Fed minutes, mortgage rates fluctuated, ending the week higher than they were.
Currently, the United States faces loathsome housing market conditions. Throughout this year, the housing market displayed disappointingly.
This week, a provocative selloff saw stocks fall suddenly. Additionally, the Dow Jones plummeted than 1,000 points.