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What’s Ahead For Mortgage Rates This Week – August 19, 2013

Posted on August 19, 2013 by admin

Last week wasn’t kind to stock market investors, but weekly jobless claims fell to an unexpected low of 320,000 new jobless claims filed was its lowest level in nearly six years. Average mortgage rates were mixed, but inched upward. Continue reading →

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What’s Ahead For Mortgage Rates This Week – August 12, 2013

Posted on August 12, 2013 by admin

Highlights of economic news from last week, include a survey of senior loan officers from U.S. and foreign banks doing business in the U.S. indicated that banks were gradually easing lending standards for business and consumer loans, but viewed lending criteria for home loans as more restrictive than other types of loans. Continue reading →

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RealtyTrac Report Shows Home Prices Increasing At Highest Rate Since 1977

Posted on August 8, 2013 by admin

U.S. housing markets continue to drive the economic recovery according to data released by RealtyTrac Inc. Continue reading →

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Case Shiller Home Price Index Shows Rising Prices For May 2013

Posted on July 31, 2013 by admin

The S&P/Case-Shiller Home Price Index (HPI) released Tuesday presented solid evidence that the housing recovery continued during May. Continue reading →

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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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Home Builder Confidence Rises To Highest Level Since January 2006

Posted on July 18, 2013 by admin

The National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index (HMI) rose in July. Continue reading →

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

Posted on July 15, 2013 by admin

The Fed’s release of the minutes for the June FOMC meeting was the most noteworthy economic event last week; the minutes repeated the Fed’s recent statement concerning the wind-down of its current monetary easing policy. Continue reading →

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What’s Ahead For Mortgage Rates This Week – July 1, 2013

Posted on July 1, 2013 by admin

The past week was active for economic news and mortgage rates. The aftermath of the Fed’s indication that it may start dialing back its multi-billion dollar monthly purchases of Treasury and mortgage backed securities has sent mortgage rates to record highs. Continue reading →

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Home Prices Record Highest Monthly Gains Since Case Shiller Index Inception

Posted on June 26, 2013 by admin

The S&P Case-Shiller Home Price Indices for April indicate that the housing recovery gained ground.

In April 2013 average home prices tracked in the Case-Shiller 10 and 20-city Composites increased by 11.60 and 12.10 percent year-over-year. On a month-to-month basis, the Composites increased by 2.60 and 2.50 percent respectively. Continue reading →

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What’s Ahead For Mortgage Rates This Week – June 24, 2013

Posted on June 24, 2013 by admin

Comments by Fed chairman Ben Bernanke after Wednesday’s FOMC meeting caused havoc in financial markets as investors anticipated the potential effects of any rollback of the Fed’s policy of quantitative easing (QE). Chairman Bernanke said that the Fed may begin reducing its $85 billion monthly purchase of Treasury securities and MBS toward the end of this year. Continue reading →

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