The minutes of the March meeting of the Fedâs Federal Open Market Committee (FOMC) were released Tuesday and included a staff review of current economic conditions. The minutes noted that while labor markets continued to grow, inflation to the Fedâs target rate of 2.00 percent was impeded by dropping fuel prices. The Committee noted that expectations for longer-term inflation remained stable.
What’s Ahead For Mortgage Rates This Week – April 6, 2015
April 6, 2015 by
Mortgage rates ticked upward for fixed rate loans and were unchanged for 5/1 adjustable rate mortgages according to Freddie Mac. Weekly jobless claims were lower in spite of slower job growth reports.
S&P Case-Shiller: Home Price Growth Slows in 2015
April 1, 2015 by
According to the S&P Case-Shiller Home Price Index report for January, home prices grew by 4.50 percent year-over-year as compared to January 2014âs year-over-year price growth rate of 10.50 percent. This was the lowest rate of home price growth since 2012.
What’s Ahead For Mortgage Rates This Week – March 30, 2015
March 30, 2015 by
Last week’s economic reports included reports on new and existing home sales and FHFA’s monthly home price index for properties associated with Fannie Mae and Freddie Mac mortgages. The details:
FHFA: Home Prices Rise 0.30 Percent in January
March 25, 2015 by
The Federal Housing Finance Agency (FHFA) reported that home prices rose by a seasonally-adjusted rate of 0.30 percent in January, and were 5.10 percent higher as compared to home prices in January 2014. FHFA oversees Fannie Mae and Freddie Mac and its home price report is based on sales of homes financed by mortgages owned or backed by Fannie Mae and Freddie Mac.
What’s Ahead For Mortgage Rates This Week – March 23, 2015
March 23, 2015 by
Last weekâs events included the National Association of Home Builderâs Housing Market Index, which fell to its lowest reading since last summer. Other news included reports on housing starts and building permits, the FOMC meeting statement and Fed Chair Janet Yellenâs press conference.
FOMC Statement: Federal Reserve Discusses Rate Increase, but Concerned About Growth
March 19, 2015 by
The post-meeting statement of the Federal Reserve’s Federal Open Market Committee indicated that while the Fed is considering raising its target rate as early as June, the agency is in no hurry to cast anything in cement. The statement cited stronger labor markets and low unemployment rates as encouraging, but noted that FOMC members remain concerned about economic growth due to low inflation failing to meet the FOMC goal of two percent.
What’s Ahead For Mortgage Rates This Week – March 16, 2015
March 16, 2015 by
Last week’s economic reports included job openings, retail sales, retail sales except automotive, consumer sentiment for March and the usual reports on weekly jobless claims and mortgage rates.
What’s Ahead For Mortgage Rates This Week – March 9, 2015
March 9, 2015 by
Last weekâs economic news was scant on housing related reports, but several employment reports were released along with the national unemployment rate, which dipped to 5.50 percent. This was a full point below the Federal Reserveâs original target rate of 6.50 percent. Construction spending was incrementally lower than expected and mortgage rates also fell.
What’s Ahead For Mortgage Rates This Week – March 2, 2015
March 2, 2015 by
Last week provided several housing-related reports including New Home Sales, Pending Home Sales and Existing Home Sales reports. Case-Shiller and FHFA also released data on home prices.
