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Home Loan – Sun American Mortgage | Arizona, Utah, California

T.G.I.F Weekly Trend

Home Sales Decline – Largest Decline Since 2010

Home Sales Decline A Surprising 11%! Over the past week, economic events have had very little effect on mortgage rates. Year-end volatility due to light trading volume has been the more significant influence. Mortgage rates ended the past week just slightly higher.  Analysts are scratching their heads bald, thinking up reasons to explain the 10.5% …

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Volatile Week For The Market & Interest Rates

Volatile Week For The Market & Interest Rates Over the past week, mortgage interest rates were pushed and pulled by unusually large movements in global stock markets. The economic data had little impact. After a volatile week, mortgage rates ended just a little higher. Concerns about slowing global economic growth, particularly in China, caused the …

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Retail Sales Drop Unexpectedly

Retail Sales Drop Unexpectedly, Mortgage rates end favorably. Retail sales were surprisingly sluggish in June, according to a report released Tuesday. U.S. food and retail sales unexpectedly dipped last month, ticking down 0.3 percent from a strong May in another sign that U.S. economic performance stalled in June. Retail sales totaled $442 billion in June, …

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China and Greece Still Left With A Big Question Mark

China and Greece Still Left With A Big Question Mark! Over the past week, U.S. financial markets were influenced primarily by events in China and Greece. Concerns about slower growth in China and increased uncertainty about Greece were both favorable for mortgage rates, which ended the week a little lower. China is the second largest …

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Strong Job Gains Mean Higher Rates

Strong Job Gains Means Higher Rates A wide range of reports in the U.S. and Europe over the past week indicated improving economic conditions. Unfortunately, good news for the economy is generally negative for mortgage rates, which moved higher. Following stronger than expected manufacturing and construction data earlier in the week, Friday’s Employment report exceeded …

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U.S. Retail Sales Disappoint Again

U.S. Retail Sales Disappoint Again American consumers are not behaving as economists predicted they would. Retail sales unexpectedly barely budged in April following a revised 1.1 percent gain in March that was larger than previously estimated, Commerce Department figures showed Wednesday in Washington. Instead of spending the windfall from lower gasoline prices and rising employment, …

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