Greenway's Markets in a Minute I Demand is high but inventory remains low

Blog

Jul 27

5:55

Category | Case Study

For the Week Ending July 27, 2018

Please enjoy this quick update on what happened this week in the housing and financial markets.


	Talk of tariffs and trade concerns continue to help keep mortgage rates low. However, the strong economy and labor market could pressure rates higher.
	Recent comments by President Trump about raising rates are not likely to affect the Fed's plans. One or even two policy rate increases are still expected for 2018.
	The European Central Bank is seeing inflation increase overseas and should end economic stimulus this year. This could pressure future mortgage rates higher.


	Existing home sales continued to slide in June, to a 5-month low. A persistent shortage of properties on the market drove house prices to a record high.
	New home sales also dropped to an 8-month low in June. Demand remains high, but builders are struggling with labor shortages and material costs.
	Fifteen more states can now accommodate fully digital home closings. A total of 265 million homebuyers can now enjoy fully online closing processes across the country.

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.