January's National Association of Home Builders Housing Market Index dipped two points from December's revised reading of 69 to 67; the index reading forecast for January was also 69.Analysts said that January's reading was the second highest (after December 2016) since the peak of the housing bubble in 2005. January's dip in builder sentiment was attributed to easing of builder enthusiasm, which spiked right after the U.S. presidential election. To put January's home builder confidence … [Read more...]
What’s Ahead For Mortgage Rates This Week – October 3, 2016
Last week's economic releases included reports on new and pending home sales, S&P Case-Shiller Home Price Indices and regularly scheduled weekly reporting on mortgage rates and weekly jobless claims. Readings on consumer sentiment and confidence were also released. New and Pending Home Sales Lower as Peak Sales Season Winds Down August readings for new and pending home sales were lower than for July; analysts said that slim supplies of available homes and rising home prices contributed to … [Read more...]
What’s Ahead For Mortgage Rates This Week – August 1, 2016
Last week's economic reports included S&P Case-Shiller Housing Market Indices, reports on new and pending home sales, Freddie Mac's weekly mortgage rates survey. The Federal Reserve released its customary statement after the scheduled Federal Open Market Committee meeting concluded; the Committee did not raise the federal funds rate of 0.25 percent, but indicated that economic risks were fewer, which suggested that the key Fed rate may be increased in September. According to the S&P … [Read more...]
What’s Ahead For Mortgage Rates This Week – June 27, 2016
Last week's economic news was dominated by Great Britain's vote to withdraw from the European Union. New and Existing Home Sales were released along with weekly reports on mortgage rates and new jobless claims. "Brexit" Vote Tanks Stocks, Could Cause Lower Mortgage Rates US stocks plunged in reaction to the news of Britain's decision to leave the EU and the resignation of its Prime Minister. While investors don't want to see their 401(k) values crash, mortgage rates may also fall as a result of … [Read more...]
