Last week's economic news was fairly quiet due to the Memorial Day holiday on Monday and no scheduled news released on Wednesday. Home Prices Post Modest Gains, But Growth Rate of Home Prices Slows Tuesday's release of the S&P Case-Shiller Home Price Index for March showed that home prices are edging up, but at a slower pace … [Read more...] about What’s Ahead For Mortgage Rates This Week – June 2, 2014
Mortgage Rates
What’s Ahead For Mortgage Rates This Week – March 3, 2014
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. Weakness in the jobs sector and harsh winter weather were seen as factors … [Read more...] about What’s Ahead For Mortgage Rates This Week – March 3, 2014
What’s Ahead For Mortgage Rates This Week – February 24, 2014
Last week's economic data supported recent reports indicating that housing markets are slowing, The National Association of Home builders/Wells Fargo Home Builders Index (HBI) dropped by 10 points to a reading of 46 for February. Home builder confidence dropped to its lowest reading in nine months, and fell below the … [Read more...] about What’s Ahead For Mortgage Rates This Week – February 24, 2014
What’s Ahead For Mortgage Rates This Week – February 18, 2014
Last week's economic news was dominated by the first address by the new Fed chairperson, Janet Yellen. Tuesday's news included the Jobs Openings report for December 2013, which matched November's reading of 4.0 million jobs available. This information was taken from a gauge of competition for available jobs; in December, … [Read more...] about What’s Ahead For Mortgage Rates This Week – February 18, 2014
What’s Ahead For Mortgage Rates This Week – February 10, 2014
Residential Construction Spending Up Last week's mortgage and housing-related reports began with Construction Spending for December, with a reading of 0.10 percent or a seasonally adjusted $930.5 billion. December's reading fell short of an expected increase of 0.40 percent. Spending for private sector projects rose by 1.00 … [Read more...] about What’s Ahead For Mortgage Rates This Week – February 10, 2014
What’s Ahead For Mortgage Rates This Week – February 03, 2014
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. New Home Sales: Y-O-Y Reading Best Since 2008 December's reading of … [Read more...] about What’s Ahead For Mortgage Rates This Week – February 03, 2014
What’s Ahead For Mortgage Rates This Week – January 27, 2014
Last week was an action-packed week for economic news, and all of it was packed into Thursday: Weekly Jobless claims came in at 326,000 which was lower than the expected 330,000 new claims. This week's claims were higher than the prior week's 325,000 new jobless claims filed. The NAR released its Existing Home Sales Report for … [Read more...] about What’s Ahead For Mortgage Rates This Week – January 27, 2014
What’s Ahead For Mortgage Rates This Week – January 20, 2014
Welcome news arrived last week as lower mortgage rates and a higher number of housing starts were reported. Other economic news was mixed: The Federal Reserve released its Beige Book Report released last Tuesday indicated modest economic growth throughout the 12 Federal Reserve districts. Analysts predicted that this would cause … [Read more...] about What’s Ahead For Mortgage Rates This Week – January 20, 2014
