Existing Home Sales Jump, Builder Confidence Holds Steady

April 22, 2016 by John · Leave a Comment 

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

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

April 18, 2016 by John · Leave a Comment 

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.

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

April 11, 2016 by John · Leave a Comment 

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.

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

April 4, 2016 by John · Leave a Comment 

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.

Case-Shiller Report Shows Home Prices Rose in January

March 30, 2016 by John · Leave a Comment 

Home prices were 5.70 percent higher year-over-year in January according to S&P Case-Shiller’s 20-City Home Price Index. Top year-over-year gains were posted by Portland, Oregon at 11.80 percent, San Francisco, California at 10.80 percent and Seattle Washington posted a year-over-year gain of 10.70 percent.

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

March 28, 2016 by John · Leave a Comment 

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.

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

March 21, 2016 by John · Leave a Comment 

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.

Fed Policymakers Make Interesting Decision on Interest Rates

March 17, 2016 by John · Leave a Comment 

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.

What’s Ahead For Mortgage Rates This Week – March 14, 2016

March 14, 2016 by John · Leave a Comment 

Last week’s economic news included Fannie Mae’s Home Purchase Sentiment Index along with weekly reports on mortgage rates and new jobless claims. The City of Detroit also announced a program to help would-be buyers purchase homes that do not qualify for mortgage loans due to severe damage.

What’s Ahead For Mortgage Rates This Week – March 7, 2016

March 7, 2016 by John · Leave a Comment 

Last week’s scheduled economic news included reports on pending home sales, construction spending and several jobs related readings including ADP Payrolls, the government’s Non-Farm Payrolls and the national unemployment rate.

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