According to the Federal Housing Finance Agency (FHFA), U.S. home prices rose by 1.40 percent for the fourth quarter of 2014 and were up by 0.80 percent month-to-month from November. The seasonally adjusted FHFA House Price Index measures purchase transactions for homes connected with mortgages owned by Fannie Mae and Freddie Mac.
Case-Shiller: Rising Home Prices Boost Inflation
February 25, 2015 by
December home prices rose by 0.10 percent according to the Case-Shiller 20-City Home Price Index. The composite report tracks home prices in 20 U.S. cities. December’s results boosted home prices by 4.50 percent year-over-year, which is approximately double the inflation rate for 2014.
What’s Ahead For Mortgage Rates This Week – February 23, 2015
February 23, 2015 by
Last week’s housing related reports included the National Association of Home Builders (NAHB) Housing Market Index for February, The Commerce Department’s report on Housing Starts for January and Freddie Mac’s weekly report on average mortgage rates. The Federal Reserve released the minutes of January’s FOMC meeting, which indicated that FOMC members are in no hurry to raise the target federal funds rate.
Fed Not in a Hurry to Raise Rates: FOMC Meeting Minutes
February 19, 2015 by
Federal Open Market Committee policymakers are in no hurry to raise the target federal funds rate. Members said that raising rates too soon could swamp the strengthening economy and expressed concerns that changing the committeeâs current “patient” stance on rising rates could cause more harm than good to current economic conditions.
What’s Ahead For Mortgage Rates This Week – February 16, 2015
February 17, 2015 by
Last week’s economic news included an index of labor market conditions provided by the Federal Reserve, a report on small business sentiment, and a report from the Labor Department on job openings. Weekly jobless claims, Freddie Mac’s mortgage rates report and a report on Consumer Sentiment rounded out the week.
What’s Ahead For Mortgage Rates This Week – Feburary 9, 2015
February 9, 2015 by
Last week’s economic news included construction spending, which fell shy of expectations but exceeded the prior month’s spending, and several consumer and labor-related reports.
What’s Ahead For Mortgage Rates This Week – Feburary 2, 2015
February 2, 2015 by
Last week’s economic reports included Case-Shiller 10 and 20-City Home Price Index reports for November along with new and pending home sales for December. Freddie Mac reported on average mortgage rates and new jobless claims dipped unexpectedly.
What’s Ahead For Mortgage Rates This Week – January 26, 2015
January 26, 2015 by
Last week’s economic reports included the National Association of Home Builders Wells Fargo Housing Market Index, Housing Starts for December and the FHFA Home Price Index report for November. Freddie Mac and the Department of Commerce released their weekly reports on mortgage rates and new jobless claims.
NAHB: Home Builder Confidence Nears 2005 High
January 21, 2015 by
The National Association of Homebuilders (NAHB) Wells Fargo Housing Market Index reported that homebuilder confidence in sales conditions for single-family homes declined one point to a reading of 57. The NAHB Housing Market Index measures home builder confidence based on builder opinions of current market conditions, future market conditions and buyer foot traffic in new homes.
What’s Ahead For Mortgage Rates This Week – January 20, 2015
January 20, 2015 by
Last week’s scheduled economic news was mixed. Job openings increased and jobless claims increased, and consumer sentiment rose. Mortgage rates fell across the board. Labor market conditions improved and consumer prices fell in large part due to decreasing fuel prices.
