Consumers are confident in this week's Markets in a Minute! -Luke Kunselman

March 31, 2017




For the Week Ending March 31, 2017

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




Consumer confidence surged to a 16+-year high in March. Consumer optimism is supported by a strong labor market and a positive economic outlook.

The GDP increased 2.1% in the 4th quarter, signaling economic growth. Consumer spending accounts for more than 2/3rds of U.S. economic activity.

Some Fed members made comments this week supporting more than 3 rate hikes this year. The majority still favor a gradual approach to increases though.


Pending home sales rose 5.5% in February, a 2.6% increase year-over-year. Warm weather and potentially higher interest rates have been said to be the cause.

Home prices roared to the highest levels in nearly 3 years as demand remains strong. Tight inventory continues to be an issue, supporting increasing prices.

Warm winter weather also has led to a surge in new home construction. However, homebuilders are struggling to find enough workers to meet demand.

 

 


How does NASA organize a party?
They planet.
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.


Sincerely,

Luke Kunselman
Supreme Lending
Production Manager/Loan Officer
NMLS 239963, CO 100009531
(720) 420-1514
Luke.Kunselman@SupremeLending.com
www.TheKunselmanTeam.com


EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING (NMLS ID #2129) at 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. Copyright © 2014. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states. Other restrictions and limitations may apply. Supreme Lending is not affiliated with any government agency. Supreme Lending is required to disclose the following license information: Arizona Mortgage Bankers License #BK 0925918, Arizona Principal Office: 25030 S 190th Street, Queen Creek, AZ 85142; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act-License 4130655; Colorado Mortgage Company Registration - Regulated by the Division of Real Estate; Georgia Mortgage Lender License 22114 – Georgia Residential Mortgage Licensee; Illinois Residential Mortgage License - Other Trade Name #1 MB.6760323 – Illinois Residential Mortgage Licensee; Kansas Licensed Mortgage Company, License # MC.0001578; Mississippi Mortgage Lender License 2129 – Licensed by the Mississippi Department of Banking and Consumer Finance; New Hampshire Mortgage Banker License 18191-MB – Licensed by the New Hampshire Banking Department; Licensed by the N.J. Department of Banking and Insurance – Residential Mortgage Lender License; Oregon Mortgage Lending License ML-4265.

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