Mortgage Market Update – January 29, 2018 January 29, 2018 Admin In this week’s Mortgage Market Update, we’ll take a look at how mortgage rates are trending and how particular economic events could affect their volatility in the coming weeks.
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Mortgage Market Update Retail sales rose 0.3% in April, matching expectations. Consumer spending is also picking up, but higher gas prices are cutting into discretionary spending. The increase in sales and spending is driving investors’ concerns about increasing inflation. These concerns have helped push mortgage rates higher.
CMHC has released a statement saying they will increase mortgage loan insurance premiums starting March 17 th, 2017. Mortgage loan insurance protects lenders in case a buyer defaults on their mortgage. According to CMHC, for an average buyer, this increase will result in an addition of about $5 a month to their monthly mortgage payment.
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For the Week Ending January 19, 2018 Please enjoy this quick update on what happened this week in the housing and financial markets. Jobless claims plun. weekly mortgage market update for January 19, 2018. weekly mortgage market update brian skaars weekly mortgage market update.
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