Greenway Mortgage: Markets in a Minute | Increased building costs are likely to push new home prices higher

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Greenway Mortgage: Markets in a Minute | Increased building costs are likely to push new home prices higher

Mar 16

1:54

Category | General

For the Week Ending March 16, 2018

Please enjoy this quick update on what happened this week in the housing and financial markets.


	Consumer inflation was less threatening in February according to the recent CPI data. If inflation rises too quickly, mortgage rates could follow.
	Concerns over import tariffs and possible trade wars continue to plague markets and could cool the economy. This could help keep rates from rising.
	The Fed is expected to raise policy rates at next week's meeting. The change has already been priced into mortgage rates and likely won't have further impact.


	A recent survey shows Baby Boomers want high speed internet and to live near grocery stores and hospitals. Over 90% said they plan to stay in their own home.
	Another poll found more than 70% of homeowners in their home for 10+ years aren't moving because they like their home. Another 21% don't want the hassle of a move.
	The NAR found that 40% of potential millennial home buyers would start their property search online, while 15% said they would call an agent first.

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.