Home sales are down, while GDP and personal incomes are up. More headlines, mortgage news, a look at the stock indexes and a preview of the week ahead in this week’s Market Update.
Getting a mortgage is often referred to as “the mortgage process,” with an emphasis on the “process” part. It’s not a one-and-done type of event (as much as we all want it to be), but getting preapproved can set you up for success. When you get preapproved you get a beautiful document called a preapproval letter, also known as your PAL. But before we get ahead of ourselves, let’s nail down the preapproval basics.
Industrial production is on the rise, and so are stocks. Mortgage rates are diving to lower levels. All that and more in this week’s Market Update.
The Fed met again yesterday, and this was a highly anticipated meeting. There are many points of concern that could currently affect the U.S. economy: oil prices plummeting, turmoil in Russia, unrest in much of the world, etc. So we all waited with eagerness for advice from the Fed.
In this week’s Market Update, jobless claims are on the rise, along with consumer sentiment. Meanwhile, the stock market took a tumble last week. There’s more news and a look at the week ahead.
It was a big week for jobs news. You can also find news on mortgages, stocks and a look at the week ahead in this week’s Market Update.
GDP and home prices are on the rise. More headlines, mortgage news and the latest from the exchanges in this week’s Market Update.
Industrial production was down this month, while the housing market index was up. More headlines, mortgage news, stock market updates and a look at the week ahead are all in this week’s market update.
Consumer sentiment is at 89.4% for the preliminary November reading, up a full three points from the reading to end October. A major factor in this is the spike in consumer sentiment on current conditions, which is up 4.7 points since the final reading of September. Falling gas prices have greatly boosted confidence.
Home values increased by more than 2% this month, while consumers’ perceptions of home prices were slightly more in line with appraisers’ views.