Last week’s scheduled economic reports included the NAHB Housing Market Index, Housing Starts, FOMC statement and Fed Chair Janet Yellen’s press conference. In addition to weekly reports on jobless claims and mortgage rates, inflation reports were also released.
Federal Reserve Raises Short-Term Interest Rates
December 17, 2015 by
After prolonged speculation by economic analysts and news media, the Federal Open Market Committee of the Federal Reserve raised short-term interest rates for the first time in seven years. Committee members voted to raise the target federal funds rate to a range of 0.25 to 0.50 percent from a range of 0.00 to 0.25 percent to be effective December 17.
What’s Ahead For Mortgage Rates This Week – December 14, 2015
December 14, 2015 by
Last week’s scheduled economic releases included reports on job openings, retail sales and consumer confidence in addition to usual weekly releases on mortgage rates and new jobless claims.
What’s Ahead For Mortgage Rates This Week – December 07, 2015
December 7, 2015 by
Multiple economic reports released last week indicate further improvement in economic conditions. Pending home sales, construction spending and ADP payrolls increased while Non-farm Payrolls fell and the national unemployment rate held steady.
What’s Ahead For Mortgage Rates This Week – November 30, 2015
November 30, 2015 by
Although last weekâs economic calendar was cut short by the Thanksgiving holiday, several housing-related reports were released. The FHFA reported on third quarter results for its Housing Market Index and the Commerce Department reported on new home sales for October. Freddie Mac released its weekly report on mortgage rates and data on new weekly jobless claims was also released.
Existing Home Sales Fall More Than Expected
November 24, 2015 by
Sales of previously owned homes reached 5.36 million sales on a seasonally adjusted annual basis and fell by 3.40 percent in October according to the National Association of Realtors. Rising home prices and a shortage of available homes strained housing markets. Concerns over potentially higher mortgage rates may have sidelined home buyers as concerns over an anticipated rate hike by the Federal Reserve persisted.
What’s Ahead For Mortgage Rates This Week – November 16, 2015
November 16, 2015 by
Last week’s scheduled economic news was sparse due to no scheduled releases on Monday and the Veterans Day Holiday on Wednesday. A report on job openings was released on Thursday along with regularly scheduled weekly reports on jobless claims and Freddie Macâs report on mortgage rates.
What’s Ahead For Mortgage Rates This Week – November 2, 2015
November 2, 2015 by
A number of economic reports released last week indicate mixed economic progress. The 20-City Home Price Index showed that August home prices rose, but New Home Sales dropped in September. The Federal Open Market Committee of the Federal Reserve indicated that it may reserve the target federal funds range at its next meeting in December.
What’s Ahead For Mortgage Rates This Week – October 26, 2015
October 26, 2015 by
Last week’s economic news included the National Association of Home Builders Index, Housing Starts and FHFA’s report on August home sales. The National Association of Realtors released its monthly report on sales of previously owned homes.
What’s Ahead For Mortgage Rates This Week – October 13, 2015
October 13, 2015 by
Last week’s economic reports included the Federal Open Market Committee Meeting Minutes and Weekly Jobless Claims. Also, the new mortgage TRID rules went into effect. Here are the details:
