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What’s Ahead For Mortgage Rates This Week – July 29, 2013

Posted on July 29, 2013 by admin

New home sales surpassed expectations and consumer sentiment rose for July; these readings among others suggest that the economy continued to improve and that consumer confidence in the economy improved as well. Continue reading →

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What’s Ahead For Mortgage Rates This Week – May 6, 2013

Posted on May 6, 2013 by admin

Mortgage rates fell last week and approached or reached record low levels. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage (FRM) fell from 3.40 percent to 3.35 percent. Average rates for a 15-year FRM moved from 2.61percent to 2.56 percent. Continue reading →

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What’s Ahead For Mortgage Rates This Week – April 29, 2013

Posted on April 29, 2013 by admin

Mortgage rates fell again last week and are again near record lows.

According to Freddie Mac, the average rate for a 15-year fixed rate mortgage did achieve a record low of 2.61 percent as compared to 3.1 percent one year ago.

The average rate for a 30-year fixed rate mortgage fell to 3.40 percent and near the record low of 3.31 percent. Continue reading →

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What’s Ahead For Mortgage Rates This Week – April 22, 2013

Posted on April 22, 2013 by admin

Mortgage rates fell for the third consecutive week. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage fell by two basis points to 3.41 percent as compared to last week’s 3.43 percent and 3.90 percent year-over-year. Continue reading →

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What’s Ahead For Mortgage Rates This Week – April 15, 2013

Posted on April 15, 2013 by admin

Mortgage rates saw little change last week amidst mixed economic news.

Treasury auctions held on Tuesday, Wednesday and Thursday saw weak demand; this could have been caused by the FOMC minutes that were released on Wednesday. Continue reading →

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Fed Meeting Minutes Reveal Rising Wealth Among Homeowners

Posted on April 12, 2013 by admin

The minutes for the Federal Open Market Committee (FOMC) meeting held March 19 and 20 were released on Wednesday April 10, 2013.

These periodic meetings by the FOMC cover a wide ranging group of topics that impact the overall economy in the United States. Continue reading →

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Federal Jobs Report Shows Biggest Increase Since 2008

Posted on April 10, 2013 by admin

The Bureau of Labor Statistics (BLS) issued its Job Openings and Labor Turnover report for February on Tuesday, June 9th, 2013. Continue reading →

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Fed Meeting Statement Reveals Good News For Real Estate

Posted on March 21, 2013 by admin

The Federal Reserve’s statement after yesterday’s Federal Open Market Committee (FOMC) meeting left no doubt as to the Fed’s dual commitment to keeping long term interest rates down and encouraging economic growth. Continue reading →

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Surprisingly Strong Jobs Report May Affect Mortgage Rates

Posted on March 13, 2013 by admin

Last week’s jobs report — a combination of the Department of Labor’s non-farm Payrolls Report and Unemployment Rate — provided investors and job seekers with unexpected good news. Continue reading →

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