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April
19
19
How the Service Sector Growth Fuels the Expanding Economy
This week's story focused on how the service sector growth fuels the expanding economy. Across the board, the United States realized market growth and increasing inflation. Despite the strong data, mortgage rates ended the week slightly lower.
Service Sector Growth Affects Mortgage Rates
The most significant economic report this week exceeded expectations by a considerable amount. The ISM national services index jumped from 55 to 64. This result is far above the consensus forecast of 59. It is also the highest ISM national services index level ever recorded.
The service sector accounts for more than 75% of the United States' economic activity....
April
13
13
What's Causing Our Competitive Real Estate Market?
Insufficient Supply Causing Our Competitive Housing Market
By Breanna Vanstrom, Chief Executive Officer, Boise Regional REALTORS®
March
16
16
From Our Lending Partners at Idaho Central Credit Union
The Tide May Be Turning for Mortgage Rates and Inflation
Overview: Over the past week, investors remained focused on the incoming economic data, the vaccine rollout, and government stimulus spending. Mortgage markets continued to be volatile, but rates ended the week with little change.
Two key reports from the Institute of Supply Management (ISM) are closely watched by investors each month, and the latest data contained mixed results. The ISM Manufacturing Index rose to 60.8, above the consensus forecast of 59. This was up from a low of 41.5 in April 2020 and matched the highest level since 2004. By contrast, the ISM Services Index d...
March
15
15
Quick Sales & Home Prices Driven By Insufficient Supply
Insufficient Supply & Rising Home Prices Continue
By Breanna Vanstrom, Chief Executive Officer, Boise Regional REALTORS®
February
16
16
Economic News from Our Lending Partners at Idaho Central Credit Union
Last Week's Labor Report Shows a Mixed Employment Picture
Overview: Over the past week, news about the pandemic, government stimulus proposals, the labor market, and inflation caused some daily volatility for mortgage markets. The net effect of these influences was minor, however, and rates ended the week with little change.
Friday's key labor market report contained mixed news, but it is clear that the pandemic has slowed the pace of hiring in recent months. In January, the economy gained 49,000 jobs, which was very close to expectations. However, revisions subtracted 159,000 jobs from the results for prior months. The unemployment...
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