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Highest Existing Home Sales Since February 2007

Posted on September 24, 2013 by admin

Sales of existing homes reached their highest volume in almost six years in August. The National Association of REALTORS reported Thursday that sales of existing homes rose 1.70 percent in August to a seasonally-adjusted annual rate of 5.48 million existing homes sold. Continue reading →

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Home Builder Confidence Has Far Outpaced Actual Home Construction

Posted on September 18, 2013 by admin

Home builder confidence was unchanged for September according to the National Association of Home Builders/Wells Fargo Housing Market Index HMI released Tuesday. After four months of rising confidence, September’s HMI reading came in at 58, which was not far from expectations of a reading of 59. Continue reading →

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What’s Ahead For Mortgage Rates This Week – August 26, 2013

Posted on August 26, 2013 by admin

Last week brought mixed economic news, but Leading Indicators released Thursday suggest that the U.S. economy is growing at a moderate rate. Continue reading →

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Home Builder Confidence Highest Level In Nearly 8 Years

Posted on August 20, 2013 by admin

The National Association of Home Builders (NAHB) reported Thursday that its Housing Market Index rose three points to a reading of 59 for August. Continue reading →

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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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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 – June 17, 2013

Posted on June 17, 2013 by admin

Last week’s news was relatively quiet with no data significant to real estate and mortgage lending released until Wednesday, when the federal government announced a $138 billion budget deficit for May. Continue reading →

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What’s Ahead For Mortgage Rates This Week – June 3, 2013

Posted on June 3, 2013 by admin

This week’s financial news was relatively limited due to the Memorial Day holiday and no economic reports being released on Wednesday. The biggest news in terms of housing and mortgages was the S&P/Case-Shiller Housing Market Indices (HMI) released on Tuesday. Continue reading →

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