Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
Last week’s weeks economic releases included readings on the NAHB Housing Market Index, housing starts and building permits issued and consumer sentiment. Weekly readings on mortgage rates and new jobless claims were also released.
Mortgage rates worsened for the week ending February 8, 2013 in response to strong economic data in the US and abroad.
Single-family housing starts were above 500,000 for the fourth straight month in July, a mark not met since the federal home buyer tax credit of 2010.
The April New Home Sales report suggests that the market for newly-built homes is as strong as the market for existing ones.
After a brief dip in April, the National Association of Homebuilders reports that the Housing Market Index rose 5 points in May to 29.
For the first time in 3 months, homebuilder confidence has slipped.
Home builder confidence in the newly-built, single-family housing market remains high.
Mortgage markets worsened last week as the Eurozone moved closer to a bailout agreement with Greece, and the U.S. economy displayed more signs of growth. Mortgage rates climbed.
Mortgage markets worsened last week as the Eurozone moved closer to a bailout agreement with Greece, and the U.S. economy displayed more signs of growth. Mortgage rates climbed.
For the sixth straight month, the National Association of Homebuilders reports that homebuilder confidence is on the rise. The Housing Market Index climbed four points to 29 in February, the index’s highest reading since May 2007.