What’s on the financial calendar for the week of 8/14 – 8/18?

Woman reading financial news | mortgage rate news

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.

in 10 minutes?

The pre-approval process is lightning fast, and can be completed
in under 10 minutes. Grab a few important documents to get started.
  1. Tax Returns
  2. Copies of W-2s (or 1099s for independent contractors,
    freelancers and the self-employed)
  3. A payroll stub
  4. A bank statement
  5. 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. 

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