Last week's economic releases included minutes from the most recent FOMC meeting, a report on January sales of pre-owned homes and weekly readings on mortgage rates and new jobless claims. FOMC Minutes: Economic Strength Hints at More Rate Hikes Minutes of the January 30-31 meeting of the Fed's Federal Open Market Committee indicated that most Committee members believe that inflation will reach the Fed's goal of 2.00 percent. Members found that the economy was stronger since 2017 and expected "a … [Read more...]
What’s Ahead For Mortgage Rates This Week – February 20th, 2018
Last week's weeks economic releases included readings on the NAHB Housing Market Index, housing starts and building permits issued and consumer sentiment. Weekly readings on mortgage rates and new jobless claims were also released. NAHB: Builder Confidence in Housing Market Holds Steady in February The National Association of Home builders reported an index reading of 72 for its Housing Market Index in February. January's reading was also 72; readings over 50 indicates that more builders than … [Read more...]
What’s Ahead For Mortgage Rates This Week – February 12th, 2018
Jerome "Jay" Powell was sworn in as Chair of the Federal Reserve amidst wild fluctuations in U.S. stock markets. Analysts attributed sliding stock prices to fears over inflation. Mr. Powell, who follows former Fed Chair Janet Yellen, introduced himself via a video clip on the Fed's website. Weekly readings on mortgage rates and new jobless claims were also released. New Fed Chair Promises "Transparency" in Video Introduction In a video introduction posted on the Fed's website, new Fed … [Read more...]
Worried About Future Mortgage Rate Increases? Here’s How to ‘Stress Test’ Your Finances
When it comes to real estate, there are always going to be upswings in the market that will have an impact on your mortgage payment and overall financial health. However, with a fluctuating market here to stay, you may be wondering how you can guard your biggest investment and your finances against rate increases. If you're concerned about rates on the rise, here are a few tips to test out you're fiscal well-being. Calculate Your Debt-To-Income Ratio It's beneficial to determine your DTI ratio … [Read more...]
