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What’s Ahead For Mortgage Rates This Week – June 13, 2016

Posted on June 13, 2016 by admin

Last week’s economic news was highlighted by Fed Chair Janet Yellen’s speech in Philadelphia. Although Chair Yellen alluded to future Fed rate hikes, she did not specify when Fed policymakers would next raise the target federal funds rate. Continue reading →

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What’s Ahead For Mortgage Rates This Week – June 6, 2016

Posted on June 6, 2016 by admin

Last week’s housing related news was limited to Construction Spending and Freddie Mac’s mortgage rates survey, but labor reports suggested an economic slowdown may be in the works. Continue reading →

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Fed Holds Steady on Federal Funds Rate

Posted on April 29, 2016 by admin

In its post-meeting statement, the Federal Open Market Committee (FOMC) of the Federal Reserve announced its decision not to raise the current federal funds rate of 0.25 to 0.50 percent. Although FOMC members acknowledged further improvement in the U.S. economy and jobs markets. Continue reading →

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Existing Home Sales Jump, Builder Confidence Holds Steady

Posted on April 22, 2016 by admin

Home buyers kicked the spring home shopping season into gear and boosted sales of pre-owned homes in March. Continue reading →

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What’s Ahead For Mortgage Rates This Week – April 18, 2016

Posted on April 18, 2016 by admin

Last week’s scheduled economic releases included reports on retail sales, inflation and the Federal Reserve’s Beige Book report. Weekly reports on mortgage rates and new jobless claims were also released. Continue reading →

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What’s Ahead For Mortgage Rates This Week – April 11, 2016

Posted on April 11, 2016 by admin

Last week’s economic news included minutes of the most recent Federal Open Market Committee (FOMC) meeting. Weekly reports on mortgage rates and new jobless claims were also released. Continue reading →

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What’s Ahead For Mortgage Rates This Week – April 4, 2016

Posted on April 4, 2016 by admin

Last week’s economic calendar was full of new releases including pending home sales, Case-Shiller Home Price Indices and construction spending. Labor related reports including ADP payrolls, federal Non-farm payrolls, and the national unemployment rate were also released along with reports on consumer confidence and weekly reports on mortgage rates and new unemployment claims. Continue reading →

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What’s Ahead For Mortgage Rates This Week – March 28, 2016

Posted on March 28, 2016 by admin

New home rose in February according to the Commerce Department. Based on a revised reading of 502,000 new home sales in January, February’s reading was 2.00 percent higher than January’s reading, but was 6.10 percent lower than for February 2015.

Builders have held back on increasing construction due to concerns about ups and downs in the economic recovery. Short supplies of labor and available land have also kept home builders from meeting current demand. Continue reading →

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What’s Ahead For Mortgage Rates This Week – March 21, 2016

Posted on March 21, 2016 by admin

Shortages of available homes are a major factor in rising home prices; shortages also make it more difficult for buyers to find homes they want. Housing starts in February rose, which is good news for the peak spring and summer home buying season. Continue reading →

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FOMC Policymakers Make Interesting Decision on Interest Rates

Posted on March 17, 2016 by admin

According to a press release by the Federal Reserve, the Federal Open Market Committee (FOMC), the current target federal funds rate will hold steady at 0.25 to 0.50 percent. Committee members cited positive developments in the U.S economy including jobs growth, stronger labor markets and gradually increasing inflation. In addition, stronger housing sector and household spending were also noted as positive signs for the economy. Committee members cited risks associated with global economic and financial developments as a concern. Continue reading →

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