Can you believe it’s mid-August already? The summer has flown by with inflation news, Fed meetings, and other news that has made for an interesting economic outlook.
There’s lot of mortgage info in the news this week that will hopefully give us a better understanding of the choppy housing market and where the trends are headed.
If you’re a serious home buyer, make sure you’re pre-approved, stay in close contact with your lender, and get ready to lock next time rates dip. Here’s a list of this week’s potential mortgage news makers:
Monday:
NAHB home builders’ index report
Tuesday:
Building permits (SAAR) report
Housing starts (SAAR) report
Thursday:
Existing home sales (SAAR) report
Leading economic indicators report
What are the steps to buying a home?
Buying your first house is a big deal, both financially and emotionally. The good news is there are lots of resources and experts to help guide you along the homebuying journey. Feeling overwhelmed at first is natural, but the more you learn about the process, the more confident you will be making the important decisions along the way.
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate. Guaranteed Rate & its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.
All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate. Guaranteed Rate its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.
John Kistner is Guaranteed Rate’s Market Analyst. Market Updates are designed to provide readers with a high-level yet insightful view of how economic news, events and trends affect mortgage rates and the homebuying process.