Blue Diamond Properties

  • Home
  • About
  • Main Website
  • Services
  • Current Rentals
  • Contact

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

November 25, 2024 by Samantha Easton

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 measure, 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
  • …
  • 23
  • 24
  • 25
  • 26
  • 27
  • …
  • 393
  • Next Page »
Blue Diamond Rentals

Contact Samantha



Blue Diamond Rentals
Office: (760) 230-0673
Fax: 760-994-4681


BRE License # 01987263

Connect with Me

How can I help?


0 / 180

Quick Links

  • Home
  • About
  • Accessibility Statement
  • Privacy Policy
  • Contact Us

Looking For Something?

Categories

Our Location

Blue Diamond Rentals

360 N EL CAMINO REAL #2A
Encinitas, CA 92024

Copyright © 2025 · Powered by MySMARTblog

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