--- title: Weekly Inside Lending Newsletter – Great Info on Today’s Market description: QUOTATION OF THE WEEK “You can learn many things from children. How much patience you have, for instance.” –Franklin P. Jones, American journalist INFO THAT HITS US WHERE WE LIVE The first good news was that Existing Home Sales rose 1.1% in March to a 5.60 million annual rate. Yeah, they were down a tick […] image: https://www.bawfg.com/hubfs/Imported_Blog_Media/blog-inside-lending-market-snapshot-Feb-15-2022-08-41-03-23-PM.jpg --- Are you working with a Mortgage Consultant? Yes [No](https://bawfg.mortgageexpressapp.com/homehub/signup/THENSLEY@BAWFG.COM) Search Mortgage Consultants [![AJ Sweeney Headshot](https://www.bawfg.com/hubfs/MJTW%20Assets/images/Headshots/consultants-hubdb-headshots/aj-sweeney-featured.png) AJ Sweeney Mortgage Consultant ](https://www.bawfg.com/consultants/asweeney) [![Bart Beach Headshot](https://www.bawfg.com/hubfs/MJTW%20Assets/images/Headshots/consultants-hubdb-headshots/bart-beach-featured.png) Bart Beach Mortgage Consultant ](https://www.bawfg.com/consultants/bbeach) [![Brian Brent Headshot](https://www.bawfg.com/hubfs/brian-2024.png) Brian Brent Mortgage Consultant ](https://www.bawfg.com/consultants/bbrent) [![Brooklynn Saylor Headshot](https://www.bawfg.com/hubfs/3.png) Brittany Olds Mortgage Consultant ](https://www.bawfg.com/consultants/bolds) [![Brooklynn Saylor Headshot](https://www.bawfg.com/hubfs/brooklynn.png) Brooklynn Saylor Mortgage Consultant ](https://www.bawfg.com/consultants/bsaylor) [![Carolyn Darr Headshot](https://www.bawfg.com/hubfs/MJTW%20Assets/images/Headshots/consultants-hubdb-headshots/carolyn-darr-featured.png) Carolyn Darr Mortgage Consultant ](https://www.bawfg.com/consultants/cdarr) [![Cory Walradth Headshot](https://www.bawfg.com/hubfs/MJTW%20Assets/images/Headshots/consultants-hubdb-headshots/cory-walradth-featured.png) Cory Walradth Corporate Sales Manager ](https://www.bawfg.com/consultants/cwalradth) [![Courtney King Headshot](https://www.bawfg.com/hubfs/B.png) Courtney King Mortgage Consultant ](https://www.bawfg.com/consultants/cking) [![Courtney Schroeder Headshot](https://www.bawfg.com/hubfs/MJTW%20Assets/images/Headshots/consultants-hubdb-headshots/courtney-schroeder-featured.png) Courtney Schroeder Mortgage Consultant ](https://www.bawfg.com/consultants/cschroeder) [![D. 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](https://www.bawfg.com/consultants/drick) [![Brooklynn Saylor Headshot](https://www.bawfg.com/hubfs/drew-2.png) Drew Eichel Mortgage Consultant ](https://www.bawfg.com/consultants/deichel) [![Eric Lyon Headshot](https://www.bawfg.com/hubfs/MJTW%20Assets/images/Headshots/consultants-hubdb-headshots/eric-lyon-featured.png) Eric Lyon Regional Sales Manager ](https://www.bawfg.com/consultants/elyon) [![Gary Mullikin Headshot](https://www.bawfg.com/hubfs/headshots-1-Recovered%20(1).png) Gary Mullikin Mortgage Consultant ](https://www.bawfg.com/consultants/gmullikin) [![Grant Lyons Headshot](https://www.bawfg.com/hubfs/grant-v2.png) Grant Lyons Mortgage Consultant | U.S. Army Veteran ](https://www.bawfg.com/consultants/glyons) [![Jody Bleier Headshot](https://www.bawfg.com/hubfs/jody-2024.png) Jody Bleier Mortgage Consultant ](https://www.bawfg.com/consultants/jbleier) [![Juli Harding Headshot](https://www.bawfg.com/hubfs/Harding-1.png) Juli Harding Mortgage Consultant 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Headshot](https://www.bawfg.com/hubfs/MJTW%20Assets/images/Headshots/consultants-hubdb-headshots/kevin-walters-featured.png) Kevin Walters Mortgage Consultant ](https://www.bawfg.com/consultants/kwalters) [![Kyle Law Headshot](https://www.bawfg.com/hubfs/kyle-new-bg.png) Kyle Law Mortgage Consultant ](https://www.bawfg.com/consultants/klaw) [![Brooklynn Saylor Headshot](https://www.bawfg.com/hubfs/LeAnne%20New%20Headshot.png) LeAnne Francis Mortgage Consultant ](https://www.bawfg.com/consultants/lfrancis) [![Lexi Davis Headshot](https://www.bawfg.com/hubfs/LExi-headshot-2.png) Lexi Davis Mortgage Consultant ](https://www.bawfg.com/consultants/ldavis) [![Louis Schaefer Headshot](https://www.bawfg.com/hubfs/lou%20headshot.png) Louis Schaefer Mortgage Consultant ](https://www.bawfg.com/consultants/lschaefer) [![Marty Hawkins Headshot](https://www.bawfg.com/hubfs/MJTW%20Assets/images/Headshots/consultants-hubdb-headshots/marty-hawkins-featured.png) Marty Hawkins Mortgage Consultant ](https://www.bawfg.com/consultants/mhawkins) [![Paul Lang Headshot](https://www.bawfg.com/hubfs/paul-2.png) Paul Lang Branch Manager/Mortgage Consultant ](https://www.bawfg.com/consultants/plang) [![Ryan Gertiser Headshot](https://www.bawfg.com/hubfs/MJTW%20Assets/images/Headshots/consultants-hubdb-headshots/ryan-gertiser-featured.png) Ryan Gertiser Regional Sales Manager ](https://www.bawfg.com/consultants/rgertiser) [![Bart Beach Headshot](https://www.bawfg.com/hubfs/forbes-1%20(1).png) Sarah Forbes Mortgage Consultant ](https://www.bawfg.com/consultants/sforbes) [![Bart Beach Headshot](https://www.bawfg.com/hubfs/sj-7.png) Sarah James Mortgage Consultant ](https://www.bawfg.com/consultants/sjames) [![Scott Saylor Headshot](https://www.bawfg.com/hubfs/MJTW%20Assets/images/Headshots/consultants-hubdb-headshots/scott-saylor-featured.png) Scott Saylor Mortgage Consultant ](https://www.bawfg.com/consultants/ssaylor) [![Shanna Warner Headshot](https://www.bawfg.com/hubfs/shanna-headshot.png) Shanna Warner Mortgage Consultant ](https://www.bawfg.com/consultants/swarner) [![Steve Hostetter Headshot](https://www.bawfg.com/hubfs/Steve-headshot-2.png) Steve Hostetter Mortgage Consultant ](https://www.bawfg.com/consultants/shostetter) [![Vellum Brant Headshot](https://www.bawfg.com/hubfs/Vellum-headshot.png) Vellum Brant Mortgage Consultant ](https://www.bawfg.com/consultants/vbrant) [Back](https://www.bawfg.com/blog) # Weekly Inside Lending Newsletter – Great Info on Today’s Market Bailey & WoodApril 30, 2018 ![Weekly Inside Lending Newsletter – Great Info on Today’s Market](https://www.bawfg.com/hubfs/Imported_Blog_Media/blog-inside-lending-market-snapshot-Feb-15-2022-08-41-03-23-PM.jpg) **QUOTATION OF THE WEEK** “You can learn many things from children. How much patience you have, for instance.” –Franklin P. Jones, American journalist ![](https://www.bawfg.com/hs-fs/hubfs/Imported_Blog_Media/19_6455315-Feb-15-2022-08-41-29-29-PM.jpg?width=700&height=168&name=19_6455315-Feb-15-2022-08-41-29-29-PM.jpg) **INFO THAT HITS US WHERE WE LIVE** The first good news was that Existing Home Sales rose 1.1% in March to a 5.60 million annual rate. Yeah, they were down a tick from March 2017, but that month had the second highest sales pace last year. Then, March New Home Sales also surprised to the upside, gaining 4.0%, to a 694,000 annual rate. Sales are 8.8% ahead of a year ago, posting the second highest sales pace since 2007. Freddie Mac’s chief economist noted, “Despite the increase in borrowing costs, demand… remains solid. The Mortgage Bankers Association reported… activity was up 11% from a year ago.” **REVIEW OF LAST WEEK** >> Review of Last Week LITTLE CHANGE… Investors keep balancing optimism about corporate earnings and economic growth against worries over rising interest rates and whether growth will continue. By Friday, worriers barely prevailed, the S&P 500 ending flat, the Dow and Nasdaq down slightly. We’re right in the middle of first quarter earnings season and 80% of the S&P 500 companies reporting bested forecasts (though that didn’t necessarily boost share prices). Q1 GDP slipped to 2.3% (Advance read), but that beat estimates, and real GDP is still up 2.9% from a year ago. Jobless claims fell to their lowest level since 1969, while Michigan Consumer Sentiment came in higher than expected once again. The week ended with the Dow down 0.6%, to 24311; the S&P 500 flat, at 2670; and the Nasdaq down 0.4%, to 7120. Bonds edged up as investors feared weak growth in France and the UK might be contagious. The 30YR FNMA 4.0% bond ended UP .12, at $101.81. Still low by historical standards, the national average 30-year fixed mortgage rate continued up in Freddie Mac’s latest Primary Mortgage Market Survey. Remember, mortgage rates can be extremely volatile, so check with your mortgage professional for up-to-the-minute information. **DID YOU KNOW?** The Census Bureau reports homeownership held steady in Q1 2018, but rental households fell for the fourth straight quarter, “a strong sign households are making the switch from renting to buying,” according to one prominent economist. **This Week’s Forecast** March Pending Home Sales are predicted up, while two factory reads, the Chicago PMI and ISM Index, are forecast in solid growth territory. Most important to housing, jobs are expected up, with new Nonfarm Payrolls back near 200,000, and Hourly Earnings rising. Core PCE Prices inflation should be quiet, and quieter still will be the Fed’s FOMC Rate Decision: no hike. - [Facebook Share ](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.bawfg.com%2Fblog%2Fweekly-inside-lending-newsletter-great-info-on-todays-market) - [Twitter Tweet ](https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.bawfg.com%2Fblog%2Fweekly-inside-lending-newsletter-great-info-on-todays-market&text=Weekly+Inside+Lending+Newsletter+%E2%80%93+Great+Info+on+Today%E2%80%99s+Market) - [LinkedIn Share ](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.bawfg.com%2Fblog%2Fweekly-inside-lending-newsletter-great-info-on-todays-market&title=Weekly%20Inside%20Lending%20Newsletter%20%E2%80%93%20Great%20Info%20on%20Today%E2%80%99s%20Market&summary=QUOTATION+OF+THE+WEEK+%E2%80%9CYou+can+learn+many+things+from+children.+How+much+patience+you+have%2C+for+instance.%E2%80%9D+%E2%80%93Franklin+P.+Jones%2C+American+journalist+INFO+THAT+HITS+US+WHERE+WE+LIVE+The+first+good+news+was+that+Existing+Home+Sales+rose+1.1%25+in+March+to+a+5.60+million+annual+rate.+Yeah%2C+they+were+down+a+tick+%5B%E2%80%A6%5D&source=) ## Related Posts [![](https://www.bawfg.com/hs-fs/hubfs/week-5-Thumbnail.jpg?width=450&height=250&name=week-5-Thumbnail.jpg) Inside Bailey & Wood Dilger & Wood Football Pick'Em | Week 5 Read Post ](https://www.bawfg.com/blog/dilger-wood-football-pickem-week-6-0) [![](https://www.bawfg.com/hs-fs/hubfs/Imported_Blog_Media/cancer.jpg?width=450&height=250&name=cancer.jpg) Community Janetta Strong Fundraiser Event Read Post ](https://www.bawfg.com/blog/janetta-strong-fundraiser-event) ### Subscribe Here! ![top100](https://www.bawfg.com/hubfs/MJTW%20Assets/images/badges/top100.png) ![top-workplace](https://www.bawfg.com/hubfs/IndyStar.png) ![Top-Originators-Scotsman](https://www.bawfg.com/hubfs/Top%20Originators.png) ![expertise](https://www.bawfg.com/hubfs/Expertise.com.png)