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What’s Ahead For Mortgage Rates This Week – November 10, 2014

Posted on November 10, 2014 by admin

Last week’s economic reports contained mixed reports indicating that the economy continues to recover with occasional “blips” in its progress. Construction spending was lower than expected. A Federal Reserve survey of senior loan officers indicated that credit standards remain strict for mortgages and other types of lending. Continue reading →

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

Posted on November 3, 2014 by admin

Last week’s economic news brought mixed developments as pending home sales moved to their second highest level of 2014. The Federal Open Market Committee (FOMC) announced the expected end of asset purchases under its quantitative easing program. Continue reading →

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Case-Shiller 20 City Home Price Index And FOMC QE Update

Posted on October 30, 2014 by admin

Home prices rose by 0.20 percent in August. Three of the 20 cities tracked saw home prices drop, while Detroit, Michigan posted the highest price growth. The seasonally adjusted growth rate for cities tracked declined by 0.10 percent as compared to a decline of 0.10 percent in July. Continue reading →

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What’s Ahead For Mortgage Rates This Week – October 20, 2014

Posted on October 20, 2014 by admin

Last week’s economic highlights included the National Association of Home Builders (NAHB) Housing Market Index for October. The Commerce Department also released Housing Starts for September. Freddie Mac reported that the average rate for a 30-year fixed rate mortgage dropped below four percent. The Fed released its Beige Book report, and Weekly jobless claims came in lower than expected. Continue reading →

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What’s Ahead For Mortgage Rates This Week – October 14, 2014

Posted on October 14, 2014 by admin

Economic news was lean last week as the first week of the month tends to be calm in the aftermath of the rush of end-of-month reporting. Of note was CoreLogic’s report on housing markets, the release of the minutes from the most recent FOMC meeting and lower mortgage rates reported by Freddie Mac. Continue reading →

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What’s Ahead For Mortgage Rates This Week – October 6, 2014

Posted on October 6, 2014 by admin

Last week’s economic news included multiple reports on housing and the labor sector. The good news is that job markets appear to be stronger, with new jobless claims and the national unemployment rate lower. Continue reading →

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Case-Shiller: July Home Prices Cool Across U.S.

Posted on October 1, 2014 by admin

The stifling heat of July did not penetrate U.S. housing markets according to the S&P Case-Shiller 10-and 20 City Home Price Index reports. Continue reading →

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What’s Ahead For Mortgage Rates This Week – Sept 29, 2014

Posted on September 29, 2014 by admin

Last week’s economic news included several housing-related reports that provided mixed results with lower than expected sales of previously owned homes and higher than expected sales of new homes. Continue reading →

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National Association of Realtors, Existing Home Sales Slip in August

Posted on September 24, 2014 by admin

Sales of previously owned homes fell in August according to the National Association of REALTORS. This was the first decline in sales in five months. Although not welcome news to homeowners and real estate pros, there is good news… Continue reading →

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What’s Ahead For Mortgage Rates This Week – Sept 22, 2014

Posted on September 22, 2014 by admin

Last week’s economic news largely concerned the Federal Reserve’s FOMC meeting statement and a post-meeting conference given by Fed Chair Janet Yellen. The FOMC statement indicated that the Fed continued its wind-down of Treasury and mortgage-backed securities and that its purchases are expected to cease after the next FOMC meeting. Continue reading →

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