The first post-holiday week of 2014 brought mixed economic and housing-related news. CoreLogic reported via its Housing Market Index that November home prices grew by 11.80 percent year-over-year. This was just shy of October’s year-over-year reading of 11.90 percent. As with Case-Shiller’s recently reported Home … [Read more...] about What’s Ahead For Mortgage Rates This Week – January 13, 2014
Mortgage Rates
What’s Ahead For Mortgage Rates This Week – January 6, 2014
The last week of 2013 brought relatively good news in view of the economic roller coaster rides caused by legislative impasse. A brief shutdown of federal government agencies, and nail-biting suspense over if and when the FOMC of the Federal Reserve would taper its quantitative easing program. Last week's news was not high in … [Read more...] about What’s Ahead For Mortgage Rates This Week – January 6, 2014
What’s Ahead For Mortgage Rates This Week – December 30, 2013
The University of Michigan’s Consumer Sentiment Index was improved for December at 82.5, after the November reading was adjusted from 82.5 to 75. Analysts noted that consumers were relieved when legislative gridlock ended. Durable goods orders reached their highest level since May with November’s reading of + 3.5 … [Read more...] about What’s Ahead For Mortgage Rates This Week – December 30, 2013
What’s Ahead For Mortgage Rates This Week – December 23, 2013
According to December's NAHB/Wells Fargo Housing Market Index, home builder confidence rose by four points to a reading of 58; this surpassed the consensus of 56 and November's reading of 56. November Housing Starts were released Wednesday and also exceeded expectations and the prior month's reading. 1.09 million housing starts … [Read more...] about What’s Ahead For Mortgage Rates This Week – December 23, 2013
What’s Ahead For Mortgage Rates This Week – December 16, 2013
Mortgage Debt Rises For First Time Since Recession Last week was relatively quiet concerning scheduled housing-related news, but the Federal Reserve's financial accounts report, released on Monday, indicated that mortgage debt in the U.S. had increased for the first time since the first quarter (Q1) of 2008. Mortgage debt … [Read more...] about What’s Ahead For Mortgage Rates This Week – December 16, 2013
What’s Ahead For Mortgage Rates This Week – December 9, 2013
Last week brought several indicators of a strengthening economy. New home sales, private and federal employment and mortgage rates rose. The Department of Commerce released construction spending numbers for October with mixed results. Although public projects fueled an 0.80 percent increase in month-to-month construction … [Read more...] about What’s Ahead For Mortgage Rates This Week – December 9, 2013
What’s Ahead For Mortgage Rates This Week – December 2, 2013
The short holiday week brought a flurry of economic reports last week. Highlights included pending home sales, the S&P Case-Shiller Housing Market Indices and the FHFA home price index. No reports were released on Thursday and Friday in observance of the Thanksgiving holiday. The NAR released its Pending Home Sales report … [Read more...] about What’s Ahead For Mortgage Rates This Week – December 2, 2013
What’s Ahead For Mortgage Rates This Week – November 25, 2013
Last week's scheduled economic news was varied, but mortgage rates fell and jobless claims were significantly lower than expected. The minutes for last month's FOMC meeting were released, and confirmed the Federal Reserve's intention to leave its quantitative easing program unchanged at least for the near term. The National … [Read more...] about What’s Ahead For Mortgage Rates This Week – November 25, 2013
