Mortgage rates continued to climb higher at the start of this week, and are now at the highest level in more than three weeks. Rates were influenced by a Tuesday report on October’s retail sales, which rose by 1.7%, making it the strongest month in several years.
Mortgage applications to purchase a home, which are less sensitive to weekly rate moves, rose 2% for the week, but were 6% lower than the same week one year ago. Buyers appear to be coming back to the market after a brief lull. “Purchase applications increased for both conventional and government loan segments, as housing demand continues to show resiliency at a time – late fall – when home buying activity typically slows. The second straight increase in purchase applications suggests that stronger sales activity may continue in the weeks to come,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.
Next week, the markets will have the Fed’s favorite inflation gauge, the Core PCE, along with housing data and $176B in Treasuries being offered. However, we should expect volatility for the next several months. Keep an eye on the market and consider locking in for closing files.
本周开始，抵押贷款利率继续走高，目前处于三周多以来的最高水平。周二利率受到 10 月份零售销售报告的影响，该报告增长了 1.7%，成为数年来最强劲的月份。
购买房屋的抵押贷款申请对每周利率变动不太敏感，本周上涨了 2%，但比一年前的同一周下降了 6%。在短暂的平静之后，买家似乎正在重返市场。 “传统贷款和政府贷款领域的购买申请都增加了，因为在秋季末期购房活动通常放缓时，住房需求继续显示出弹性。采购申请连续第二次增加表明，未来几周销售活动可能会继续走强，”MBA 负责经济和行业预测的副总裁乔尔·坎 (Joel Kan) 表示。
下周，市场将有美联储最看重的通胀指标，核心 PCE 以及住房数据和 176B 美元的美国国债。但是，我们应该预计未来几个月会出现波动。密切关注市场并考虑锁定即将完成的贷款项目。
|Daily rate based on: SFR/Primary/LTV60/FICO 780/Purchase
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