Last week's economic news included readings on job openings, consumer sentiment and the Federal Reserve's monthly survey of senior loan officers. Weekly reports on mortgage rates and new jobless claims were also released. Freddie Mac noted that last week's primary mortgage market survey did not include post-election readings as the survey information was gathered prior to election results. Loan Officers Survey: High Demand for Home Loans, Commercial Lenders Raise Standards As demand for mortgage … [Read more...]

Last week's economic news included reports on inflation, construction spending, the Federal Reserve's announcement regarding interest rates and several labor and employment related releases. Weekly reports on new jobless claims and Freddie Mac's survey of interest rates were also released. Construction Spending Rises, Fed Holds Steady on Interest Rates, Suggests December Increase Construction spending remained in negative territory for September according to the Commerce Department. The … [Read more...]

Last week's economic releases included the National Association of Home Builders' Housing Market Index along with reports on housing starts, building permits and sales of previously owned homes. Weekly reports on new jobless claims and mortgage rates were also released. NAHB: Builder Sentiment Dips amid High Demand for Homes Home builder confidence in current housing market conditions dipped from September's index reading of 65 to 63. September's reading was the highest since the peak of the … [Read more...]