The National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index (HMI) rose in July.
What’s Ahead For Mortgage Rates This Week – July 15, 2013
July 15, 2013 by
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.
What’s Ahead For Mortgage Rates This Week – July 8, 2013
July 8, 2013 by
Last week saw a relatively quiet week due to the 4th of July holiday, but there were some housing-related developments.
What’s Ahead For Mortgage Rates This Week – July 1, 2013
July 1, 2013 by
The past week was active for economic news and mortgage rates. The aftermath of the Fed’s indication that it may start dialing back its multi-billion dollar monthly purchases of Treasury and mortgage backed securities has sent mortgage rates to record highs.
Home Prices Record Highest Monthly Gains Since Case Shiller Index Inception
June 26, 2013 by
The S&P Case-Shiller Home Price Indices for April indicate that the housing recovery gained ground.
In April 2013 average home prices tracked in the Case-Shiller 10 and 20-city Composites increased by 11.60 and 12.10 percent year-over-year. On a month-to-month basis, the Composites increased by 2.60 and 2.50 percent respectively.
What’s Ahead For Mortgage Rates This Week – June 24, 2013
June 24, 2013 by
Comments by Fed chairman Ben Bernanke after Wednesday’s FOMC meeting caused havoc in financial markets as investors anticipated the potential effects of any rollback of the Fed’s policy of quantitative easing (QE). Chairman Bernanke said that the Fed may begin reducing its $85 billion monthly purchase of Treasury securities and MBS toward the end of this year.
Home Builder Confidence Jumps By Widest Margin Since 2002
June 19, 2013 by
U.S. housing markets are gaining as demand for homes exceeds available supplies in many areas. The National Association of Home Builders/ Wells Fargo Housing Market Index (HMI) for June increased by eight points over May’s reading to achieve a positive reading of 52. This last happened in August-September of 2002, when HMI monthly readings also jumped by eight points.
RealtyTrac Foreclosure Report Shows 28% Decrease From May 2012
June 18, 2013 by
Foreclosure actions increased by 2.0 percent in May from April’s 75 month low point for foreclosure activity according to RealtyTrac’s U.S. Foreclosure Market Report released June 11.
However, the good news is that May 2013 foreclosure filings were still 28 percent below May 2012 filings.
What’s Ahead For Mortgage Rates This Week – June 17, 2013
June 17, 2013 by
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.
What’s Ahead For Mortgage Rates This Week — June 10, 2013
June 10, 2013 by
Last week’s economic reports provided a mixed bag of results. Investors continue to watch the Fed’s mortgage backed security purchasing trends in order to determine forward mortgage pricing.
