Last week’s economic reports included readings on home prices, new and pending home sales and a statement from the Federal Reserve’s Federal Open Market Committee. The University of Michigan issued its monthly statement on consumer sentiment and weekly reports on mortgage rates and first-time jobless claims were also released. Case-Shiller: Home Price Growth Picks Up in November According to Case-Shiller’s National Home Price Index for November, home prices rose by 3.50 percent … [Read more...]
What’s Ahead For Mortgage Rates This Week – January 21st, 2020
Last week’s economic reports included the National Association of Home Builders Housing Market Index along with readings on consumer sentiment and weekly reports on mortgage rates and new jobless claims. NAHB: Builder Confidence d in Housing Markets Drops 1 Point in January Homebuilder confidence in overall housing market conditions dropped one point in January, but analysts said that a new trade deal would likely benefit builder interests. The National Association of Home Builders Housing … [Read more...]
Is A 15 Or 30 Year Mortgage Right For You?
When someone is looking to purchase a house, they need to think about how long they want their mortgage to last. While a bank can structure a mortgage to last for any number of years, the most common lengths are 15 and 30 years. While a 30-year mortgage is typically more affordable, a 15-year mortgage is cheaper overall. When someone is trying to decide how long they want their mortgage to last, there are a few important tips to keep in mind. The Benefits Of A 15-Year Mortgage There are a … [Read more...]
What’s Ahead For Mortgage Rates This Week – January 13th, 2020
Last week’s economic reports included readings on public and private sector jobs, the national unemployment rate and weekly readings on mortgage rates and new unemployment claims. ADP: Private-Sector Job Growth Eases in December Private-sector jobs increased by 202,000 jobs in December and exceeded expectations. November’s original reading of 60,000 new private-sector jobs was revised to 124,000 jobs. Three and six-month average private-sector job growth rates were 159,000 and … [Read more...]
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