Last week's economic releases included Existing Home Sales, Commerce Department Releases on Housing Starts and Building Permits and the National Association of Home Builders/Wells Fargo Housing Market Index. Mortgage rates and new jobless claims were released according to their weekly schedule. Home Builder Confidence Holds Firm in April According to April's National Association of Home Builders/Wells Fargo Housing Market Index, home builder confidence held steady with a reading of 58 for the … [Read more...]
What’s Ahead For Mortgage Rates This Week – April 18, 2016
Last week's scheduled economic releases included reports on retail sales, inflation and the Federal Reserve's Beige Book report. Weekly reports on mortgage rates and new jobless claims were also released. The Consumer Financial Protection Bureau announced a limited program for reducing principal on eligible mortgages held by Fannie Mae and Freddie Mac. This program is intended to resolve remaining "underwater" mortgages on homes worth less than their current mortgage amounts. Retail Sales Fall, … [Read more...]
What’s Ahead For Mortgage Rates This Week – April 11, 2016
Last week's economic news included minutes of the most recent Federal Open Market Committee (FOMC) meeting. Weekly reports on mortgage rates and new jobless claims were also released. FOMC Minutes Indicate Fed Not Pressing Rate Increases Minutes of the FOMC meeting held March 15 and 16 suggest that FOMC members are easing their enthusiasm for raising the target federal funds rate. In recent months, the committee has indicated that it was leaning toward raising rates on a slow but steady pace. … [Read more...]
What’s Ahead For Mortgage Rates This Week – April 4, 2016
Last week's economic calendar was full of new releases including pending home sales, Case-Shiller Home Price Indices and construction spending. Labor related reports including ADP payrolls, federal Non-farm payrolls, and the national unemployment rate were also released along with reports on consumer confidence and weekly reports on mortgage rates and new unemployment claims. Case-Shiller: January Home Prices Up 5.7% Year-Over-Year According to the S&P Case-Shiller 20-City Home Price Index … [Read more...]
