Which events could impact the mortgage market this week?
The following events, reports and announcements may impact the mortgage rate market this week:
Monday, August 14th
No events scheduled
Tuesday, August 15th
U.S. retail sales – July 2023
Retail sales minus autos – July 2023
Import price index – July 2023
Import price index minus fuel – July 2023
Empire State manufacturing survey – August 2023
Business inventories – June 2023
Minneapolis Fed President Kashkari speaks
Wednesday, August 16th
Housing starts – July 2023
Building permits – July 2023
Industrial production – July 2023
Capacity utilization – July 2023
FOMC minutes of July meeting
Thursday, August 17th
Initial jobless claims – August 12th
Philadelphia Fed manufacturing survey
U.S. leading economic indicators
Friday, August 18th
No events scheduled
Where is Atlanta attracting homebuyers from?
Atlanta has been one of the hottest housing markets in the country even before the pandemic hit. A lot of the interest in the Atlanta metro area has been driven by transplants moving in from other areas of the country.
A recent survey conducted by Stacker detailed where folks are migrating from. New York and Chicago were the two most common places of origin. The third entry on the list was Miami. Seeing Miami is a bit of a surprise considering how hot the Florida housing market has been, but given the proximity to Atlanta, it’s likely a common move. Washington, D.C. was fourth on the list and Los Angeles rounded out the top five.
How much does it cost to live on a private island?
In short, it costs a lot to live on a private island. First, private islands with homes already built do not often come cheap. Second, most private islands lack utilities, meaning you’re going to have to find a way to get electricity, running water and heat in your home. However, Realtor.com recently checked listings and found a few worth looking into.
The most expensive on the list is a property worth $22 million and located on Lake Norman in Huntersville, NC. The 4.5-acre private island has two docks, multiple sandy beaches, and a stunning residence. The home itself offers 14,346 sq. ft. of living space with five bedrooms, eight bathrooms, a sauna, a wine room and a gym.
The most affordable property on the list will only cost $995,000 and is located on an island in Lake Roland near Toivola, MI. The 2.72-acre property has a two-bedroom, three-bathroom cottage, along with a bridge that goes from the mainland to the island. The home has been updated to include multiple porches and patios, a massive stone fireplace and several amenities built for a fishing enthusiast.
Pre-Approval
in 10 minutes?
in under 10 minutes. Grab a few important documents to get started.
- Tax Returns
- Copies of W-2s (or 1099s for independent contractors,
freelancers and the self-employed) - A payroll stub
- A bank statement
- Loan obligation info (student loans,
auto loans and credit cards)
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.
