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.
What’s Ahead For Mortgage Rates This Week – January 12, 2015
January 12, 2015 by
Last week’s economic news was dominated by labor reports and FHA’s announcement that it will lower its mortgage insurance premiums in an effort to make homes more affordable for first-time and moderate income home buyers. Mortgage rates fell last week as employment reports showed strengthening job markets.
FOMC Minutes: Low Inflation Rates Won’t Delay Rate Hikes
January 8, 2015 by
The minutes of the Fed’s Federal Open Market Committee (FOMC) indicate that Fed policymakers aren’t concerned about low inflation rates as an obstacle to raising the target federal funds rate.
What’s Ahead For Mortgage Rates This Week – January 5, 2015
January 5, 2015 by
Case-Shiller reported that home prices hit their lowest pace in two years. According to the Case-Shiller 20-City Home Price Index for October, home prices fell in 10 cities, rose in eight cities and were unchanged in two cities. In other news, pending home sales increased and weekly jobless claims rose.
What’s Ahead For Mortgage Rates This Week – December 29, 2014
December 29, 2014 by
Last weekâs economic news included several housing related reports. Housing markets continue to cool as November reports on existing and new home sales fell below expectations. New Jobless claims were lower than expected by 10,000 claims.
Existing Home Sales Dip to Lowest Level since May
December 24, 2014 by
Sales of existing homes dropped to a seasonally-adjusted annual rate of 4.93 million as compared to expectations of a 5.18 million existing homes sold. Projections were based on October’s reading of 5.25 million.
What’s Ahead For Mortgage Rates This Week – December 22, 2014
December 22, 2014 by
Last week’s scheduled economic events were few but informative. Housing related reports included the National Association of Home Builders/Wells Fargo Housing Market Index for December, which stayed close to a nine-year high reading of 59 in September. December’s reading was 57 and fell two points shy of the expected reading of 59.
FOMC Statement: No Year-End Surprises
December 18, 2014 by
The Federal Open Market Committee (FOMC) said in its last statement for 2014 that although economic conditions have improved at a moderate pace, the Fed believes that the target federal funds rate of between 0.00 and 0.25 percent remains “appropriate.” While labor markets show expanding job growth and lower unemployment rates, FOMC members noted that housing markets are recovering slowly.
What’s Ahead For Mortgage Rates This Week – December 15, 2014
December 15, 2014 by
Although there were few scheduled economic events related to mortgages and housing, last week brought an article about housing projections for 2015. Other news included increased job openings along with lower than expected jobless claims and higher mortgage rates.
What’s Ahead For Mortgage Rates This Week – December 8, 2014
December 8, 2014 by
Last week’s economic reports related to housing and mortgages were few, but construction spending, the Fed’s Beige Book report, non-farm payrolls and the national unemployment report indicated trends for the end of the year.
