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Case-Shiller: Home Price Growth Slows in May

Posted on July 27, 2016 by admin

According to the S&P Case-Shiller 20-City Home Price Index, home price growth in May dropped to a seasonally adjusted annual rate of 5.20 percent as compared to April’s reading of 5.40 percent. Analysts said that low mortgage rates continue to support housing markets, but also noted that affordability due to rising home prices is sidelining some would-be buyers. High demand for homes coupled with slim supplies of available homes have driven prices up for months; analysts said that “tentative signs” of slower gains in home prices were seen. Continue reading →

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What’s Ahead For Mortgage Rates This Week – May 31, 2016

Posted on May 31, 2016 by admin

Last week’s economic reports included new home sales, pending home sales along with weekly mortgage rates and new jobless claims. Continue reading →

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What’s Ahead For Mortgage Rates This Week – December 28, 2015

Posted on December 28, 2015 by admin

This week’s report of economic events is shortened due to the Christmas holiday. Economic news through Wednesday included Existing Home Sales, New Home Sales and Consumer Spending. Continue reading →

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What’s Ahead For Mortgage Rates This Week – September 28, 2015

Posted on September 28, 2015 by admin

Last week’s scheduled economic news included reports on new and existing home sales, the FHFA House Price Index, and weekly reports on mortgage rates and new jobless claims. The week finished with a report on consumer sentiment. Continue reading →

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What’s Ahead For Mortgage Rates This Week – March 30, 2015

Posted on March 30, 2015 by admin

Last week’s economic reports included reports on new and existing home sales and FHFA’s monthly home price index for properties associated with Fannie Mae and Freddie Mac mortgages. The details: Continue reading →

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DOC New Home Sales and NAR Existing Home Sales

Posted on August 26, 2014 by admin

The Department of Commerce reported July sales of new homes dropped by 2.40 percent over June to a four month low. Analysts noted that although July’s reading of 412,000 new homes sold fell short of expectations and June’s reading, the new homes sector is volatile and subject to change. Continue reading →

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What’s Ahead For Mortgage Rates This Week – March 3, 2014

Posted on March 3, 2014 by admin

Last week’s economic news was mixed, with new home sales increasing and weekly jobless claims higher than expected.

Case-Shiller and FHFA home price reports reflected slower growth in home prices. Mortgage rates moved higher for the third consecutive week. Continue reading →

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What’s Ahead For Mortgage Rates This Week – February 03, 2014

Posted on February 3, 2014 by admin

Last week brought mixed news; while the Department of Commerce reported a dip in new home sales, mortgage rates also fell. The Federal Reserve’s FOMC statement revealed that quantitative easing would be further reduced by an additional $10 billion monthly. Continue reading →

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New Home Sales Show Healthy Year-Over-Year Increase

Posted on December 31, 2013 by admin

The holiday season and winter weather slowed home sales in November. Last week, the NAR reported that sales of existing homes had slumped to their lowest level in nearly a year, but this was not unexpected. Continue reading →

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New Home Sales Remain Elevated Into Q4 2012

Posted on November 29, 2012 by admin

According to the Commerce Department, New Home Sales slipped 1,000 units last month, falling to 368,000 units on a seasonally-adjusted, annualized basis. Continue reading →

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