David Underwood

Top Flite Financial

  • Home
  • About
    • About Me
    • Licensing
    • Privacy Policy
    • Texas Complaint Notice For Mortgage Bankers
  • Resources
    • First Time Buyer Tips
    • First Time Seller Tips
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Programs
    • Loan Process
    • Mortgage FAQ
    • Mortgage Glossary
  • Apply
    • Online Application
    • Apply Now – Short Form
  • Download My Mortgage eGuide!
  • Contact

What’s Ahead For Mortgage Rates This Week – November 25th, 2024

November 25, 2024 by David Underwood

Following the election results, the University of Michigan’s Consumer Sentiment Report painted a less-than-stellar picture, reflecting stagnation in sentiment. The prior week was relatively light, aside from the Consumer Sentiment data. However, the S&P PMI Industrial Numbers provided a brighter outlook, indicating some acceleration in manufacturing activity as the holiday season approaches. Looking ahead, the coming week is expected to deliver more significant data on inflation, including the Federal Reserve’s preferred inflation indicator, the PCI Index.

PMI Services Index

The economy sped up in November and kept the U.S. on track for another strong quarter of growth, fueled by optimism about falling interest rates and the prospect of a pro-business Trump administration. The first reading of the S&P U.S. Service Sector Index climbed to a 32-month high of 57.0 in November from 55 in the prior month.

Consumer Sentiment (University of Michigan)

The University of Michigan Consumer Sentiment Index rates the relative level of current and future economic conditions. There are two versions of this data released two weeks apart, preliminary and revised. The preliminary data tends to have a greater impact. The reading is compiled from a survey of around 500 consumers. Consumer sentiment continued to rise, according to the final November report for the Michigan Consumer Sentiment Index. The index rose 1.3 points (1.3%) from October’s final reading to 71.8. The latest reading was below the forecast of 73.0.

Primary Mortgage Market Survey Index

• 15-Yr FRM rates saw an increase of 0.03% with the current rate at 6.02%

• 30-Yr FRM rates saw an increase of 0.06% with the current rate at 6.84%

MND Rate Index

• 30-Yr FHA rates saw an increase of 0.06% for this week. Current rates at 6.45%

• 30-Yr VA rates saw an increase 0.08% for this week. Current rates at 6.47%

Initial Claims were reported to be 213,000 compared to the expected claims of 220,000. The prior week landed at 217,000.

What’s Ahead

As the holiday season approaches, next week’s most significant report will center on the PCE Index. Additional reports, including Personal Income & Spending data and the final GDP estimates for the year, will follow.

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

  • « Previous Page
  • 1
  • …
  • 32
  • 33
  • 34
  • 35
  • 36
  • …
  • 242
  • Next Page »

David Underwood Photo


David Underwood


Mortgage Loan Officer
NMLS # 104138
Cell 248-219-3457
Office 586-753-9000
dunderwood@tfhomeloans.com
Topflite home loans logo

How can I help?

Connect with Me

Archives

Recent Articles

  • Creative Ways to Use Rent-to-Own Agreements to Buy a Home
  • The Psychology of Homebuying and Emotions vs. Financial Logic
  • How to Finance Energy-Efficient Home Improvements with a Mortgage

My Licensing Information

Click Here for my licensing information.
Click Here for Branch licensing information.

Top Flite Financial, Inc. NMLS ID# 4181
Equal Housing Opportunity.

Our Location


46869 Garfield Rd
Macomb Twp, MI 48044
Branch NMLS # 209410

Copyright © 2025 · Powered by MySMARTblog

Copyright © 2025 · Genesis Sample Theme on Genesis Framework · WordPress · Log in