Minutes of the Federal Open Market Committee (FOMC) meeting held October 28 and 29 were released Wednesday. The report suggests that the U.S. economy continues to improve, although the annual inflation rate remains near 1.50 percent and short of the committee’s goal of 2.00 percent.
What’s Ahead For Mortgage Rates This Week – November 17, 2014
November 17, 2014 by
Last week’s housing related news was lean, with no scheduled reports released other than Freddie Mac’s primary mortgage market survey. We’ll start with some good news…
What’s Ahead For Mortgage Rates This Week – November 10, 2014
November 10, 2014 by
Last week’s economic reports contained mixed reports indicating that the economy continues to recover with occasional “blips” in its progress. Construction spending was lower than expected. A Federal Reserve survey of senior loan officers indicated that credit standards remain strict for mortgages and other types of lending.
What’s Ahead For Mortgage Rates This Week – November 3, 2014
November 3, 2014 by
Last week’s economic news brought mixed developments as pending home sales moved to their second highest level of 2014. The Federal Open Market Committee (FOMC) announced the expected end of asset purchases under its quantitative easing program.
Case-Shiller 20 City Home Price Index And FOMC QE Update
October 30, 2014 by
Home prices rose by 0.20 percent in August. Three of the 20 cities tracked saw home prices drop, while Detroit, Michigan posted the highest price growth. The seasonally adjusted growth rate for cities tracked declined by 0.10 percent as compared to a decline of 0.10 percent in July.
Good News! Existing Home Sales Up And FHFA Home Prices Rise
October 24, 2014 by
After months of reports of slowing home price momentum and forecasts of a lagging housing market, we are pleased to report an increase in volume of existing home sales.
What’s Ahead For Mortgage Rates This Week – October 20, 2014
October 20, 2014 by
Last week’s economic highlights included the National Association of Home Builders (NAHB) Housing Market Index for October. The Commerce Department also released Housing Starts for September. Freddie Mac reported that the average rate for a 30-year fixed rate mortgage dropped below four percent. The Fed released its Beige Book report, and Weekly jobless claims came in lower than expected.
What’s Ahead For Mortgage Rates This Week – October 6, 2014
October 6, 2014 by
Last week’s economic news included multiple reports on housing and the labor sector. The good news is that job markets appear to be stronger, with new jobless claims and the national unemployment rate lower.
Case-Shiller: July Home Prices Cool Across U.S.
October 1, 2014 by
The stifling heat of July did not penetrate U.S. housing markets according to the S&P Case-Shiller 10-and 20 City Home Price Index reports.
What’s Ahead For Mortgage Rates This Week – Sept 29, 2014
September 29, 2014 by
Last week’s economic news included several housing-related reports that provided mixed results with lower than expected sales of previously owned homes and higher than expected sales of new homes.
