Consumer spending continues to rise nationwide, fueled by jobs growth and a rosier outlook for the U.S. economy. Unfortunately for mortgage rate shoppers, it may also lead to higher mortgage rates later this week.
Tag Archive: Retail Sales
Florida Mortgage Update for the Week of October 17, 2011
Mortgage bonds suffered through another tough week last week as rising optimism that Eurozone leaders will “rescue” Greece plus stronger-than-expected economic data in the U.S. led bonds lower for the second straight week.
Retail Sales Numbers May Mean Higher Florida Mortgage Rates
Florida mortgage rates might see an increase as the new retail sales numbers come out. Consumer spending is alive and well, it seems — unwelcome news for today’s home buyers. Remember, as the economy gets better, Florida mortgage rates get higher.
Mortgage Rates Spike On Strong Retail Sales Data. Could 4 Percent Rates Be Done?
Rising Retail Sales and Consumer Confidence data hints that the days of 4 percent, 30-year fixed rate mortgages may be nearing its end.
Florida Mortgage Rate Update for the Week of September 20, 2010
Mortgage markets were highly volatile, yet relatively unchanged last week in back-and-forth trading on Wall Street.
Florida Mortgage Rate Update for the Week of June 14, 2010
Despite re-touching all-time lows on Tuesday and Wednesday, Conforming and FHA mortgage rates in Florida moved higher on the week.
What’s Ahead For Mortgage Rates This Week : January 11, 2010
For the second straight week, the economic calendar is bare. Traders, once again, will be forced to rely on “gut” to make their trades.
