Straight Stats

Mortgage Rates Increase on Inflation Concerns

Mortgage interest rates increased this past week on inflation concerns associated with higher commodity prices and a potential trade war with China.  Economic data was mixed.  Economic data stronger than expected included the May Empire State Manufacturing Index, the May NAHB Housing Market Index, April Industrial Production, and the May Philadelphia Fed Business Index.  The…

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Mortgage Rates Increase Slightly Despite Mostly Weaker Economic Data

Mortgage interest rates increased slightly despite mostly weaker than expected economic data.  Economic data weaker than expected included March Consumer Credit, the April NFIB Small Business Optimism Index, the April Producer Price Index (PPI), March Wholesale Inventories, the April Consumer Price Index (CPI), April Import Prices, and the University of Michigan Consumer Sentiment Index.  April…

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Mortgage Rates Improve Slightly on Negative Economic Data

Mortgage interest rates improved slightly as economic data was mostly weaker than expected.  Economic data weaker than expected included March Personal Income, the April Chicago Purchasing Managers Index, March NAR Pending Home Sales, the April ISM Manufacturing Index, March Construction Spending, Q1 Productivity and Unit Labor Costs, the April ISM Services Sector Index, April Non-Farm…

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Mortgage Rates Flat Despite Positive Economic Data

Mortgage interest rates flat despite stronger than expected economic data.  Economic data stronger than expected included March Existing Home Sales, the February FHFA House Price Index, the February Case-Shiller Home Price Index, March New Home Sales, April Consumer Confidence, Weekly Jobless Claims, March Durable Goods Orders, the March U.S. Trade Deficit, the first look at…

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Mortgage Rates Increase on Inflation Expectations

  Mortgage interest rates increased this past week on increased inflation expectations.  Commodity prices have moved higher as the economic outlook has improved.  Economic data was mixed.  Economic data stronger than expected included March Retail Sales, March Housing Starts and Building Permits, and the April Philadelphia Fed Business Index.  Economic data weaker than expected included…

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Mortgage Rates Increase Slightly Despite Negative Data

Mortgage interest rates increased slightly as economic data continued to be mostly weaker than expected.  Economic data weaker than expected included the March NFIB Small Business Optimism Index, February Wholesale Inventories, the March Consumer Price Index (CPI), the March Treasury Budget, Weekly Jobless Claims, March Import Prices, the University of Michigan Consumer Sentiment Index, and…

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Mortgage Rates Flat Despite Negative Economic Data

Mortgage interest rates were mostly flat on the week as economic data was mostly weaker than expected.  Economic data weaker than expected included the March ISM Manufacturing Index, February Construction Spending, the March ISM Services Sector Index, February Factory Orders, Weekly Jobless Claims, the February U.S. Trade Deficit, the March Unemployment Rate, March Non-Farm Payrolls,…

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Mortgage Rates Improve Despite Positive Economic Data

Mortgage interest rates improved slightly despite economic data that was mostly stronger than expected.  Economic data stronger than expected included the February Chicago Fed National Activity Index, the January Case-Shiller Home Price Index, the final look at Q4 GDP, February Wholesale Inventories, NAR Pending Home Sales, and Weekly Jobless Claims.  Weekly Jobless Claims fell to…

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Mortgage Rates Flat Despite Fed Funds Rate Increase

Mortgage interest rates were mostly flat on the week as the Fed increased the Fed Funds rate by 0.25% as expected after its FOMC meeting.  The Fed mentioned that growth rates of household spending and business fixed investment have moderated from their strong fourth quarter levels.  Markets expect two more rate hikes this year.  Economic…

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Rates Improve Slightly on Mixed Economic Data

Mortgage interest rates improved slightly this past week on mixed economic data.  Economic data stronger than expected included the February Treasury Budget, January Business Inventories, weekly jobless claims, February Import Prices, February Industrial Production and Capacity Utilization, the University of Michigan Consumer Sentiment Index, and January JOLTS Job Openings.  Consumer Sentiment increased to a 14-year…

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