Jessica Harless's Blog

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One 2 Sell
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        EMAIL ME        12810 Telge Road, Cypress, TX 77429     Phone: (281) 213-6200     Fax: (281) 373-2214
Mortgage Rates Climb
JAN
21
Stronger than expected economic data with a hint of higher inflation was negative for mortgage markets this week. Concerns about the level of demand for US securities from China added to the pressure. As a result, mortgage rates ended the week higher.
First-time buyers purchased 33% of existing home sales. December Housing Starts fell 4% from November, but December Building Permits, a leading indicator, rose 17% to the highest level since March. The performance of the housing market varied in different regions, but to see improvement on the national level is encouraging.

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