Last week’s economic news largely concerned the Federal Reserve’s FOMC meeting statement and a post-meeting conference given by Fed Chair Janet Yellen. The FOMC statement indicated that the Fed continued its wind-down of Treasury and mortgage-backed securities and that its purchases are expected to cease after the next FOMC meeting.
What’s Ahead For Mortgage Rates This Week – March 24, 2014
Last weekâs economic news included several housing-related reports including the Housing Market Index (HMI) for March, a report on housing starts, and building permits for February.
What’s Ahead for Mortgage Rates This Week: December 24, 2012
Freddie Mac reported the average 30-year fixed rate mortgage rate at 3.37 percent — an increase of 0.05 percentage points from the week prior.
Housing Starts, Building Permits Rising Into 2013
Rising permits and housing starts suggests a more healthy U.S. economy.
More Bullish Data : Housing Starts Climb 3.6%
According to a joint release from the U.S. Census Bureau and the Department of Housing and Urban Development, Housing Starts rose 3.6% in October 2012, climbing to a seasonally-adjusted, annualized rate of 894,000 units.