RealtyTrac Report Shows Home Prices Increasing At Highest Rate Since 1977
U.S. housing markets continue to drive the economic recovery according to data released by RealtyTrac Inc.
What’s Ahead For Mortgage Rates This Week – August 5, 2013
The past week brought encouraging economic news from several sources. The FOMC statement indicated that the Federal Reserve has not set a date for rolling back its quantitative easing program and ADP reported more private sector jobs added than expected.
Case Shiller Home Price Index Shows Rising Prices For May 2013
The S&P/Case-Shiller Home Price Index (HPI) released Tuesday presented solid evidence that the housing recovery continued during May.
What’s Ahead For Mortgage Rates This Week — July 29, 2013
New home sales surpassed expectations and consumer sentiment rose for July; these readings among others suggest that the economy continued to improve and that consumer confidence in the economy improved as well.
What’s Ahead For Mortgage Rates This Week – July 22, 2013
Last week's economic news was a mixed bag with retail sales and housing starts coming in lower than expected, but home builder confidence in housing markets increased.
Home Builder Confidence Rises To Highest Level Since January 2006
The National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index (HMI) rose in July.
What’s Ahead For Mortgage Rates This Week – July 15, 2013
The Fed's release of the minutes for the June FOMC meeting was the most noteworthy economic event last week; the minutes repeated the Fed's recent statement concerning the wind-down of its current monetary easing policy.
What’s Ahead For Mortgage Rates This Week – July 8, 2013
Last week saw a relatively quiet week due to the 4th of July holiday, but there were some housing-related developments.
What’s Ahead For Mortgage Rates This Week – July 1, 2013
The past week was active for economic news and mortgage rates. The aftermath of the Fed's indication that it may start dialing back its multi-billion dollar monthly purchases of Treasury and mortgage backed securities has sent mortgage rates to record highs.
Home Prices Record Highest Monthly Gains Since Case Shiller Index Inception
The S&P Case-Shiller Home Price Indices for April indicate that the housing recovery gained ground. In April 2013 average home prices tracked in the Case-Shiller 10 and 20-city Composites increased by 11.60 and 12.10 percent year-over-year. On a month-to-month basis, the Composites increased by 2.60 and 2.50 percent respectively.
What’s Ahead For Mortgage Rates This Week – June 24, 2013
Comments by Fed chairman Ben Bernanke after Wednesday's FOMC meeting caused havoc in financial markets as investors anticipated the potential effects of any rollback of the Fed's policy of quantitative easing (QE). Chairman Bernanke said that the Fed may begin reducing its $85 billion monthly purchase of Treasury securities and MBS toward the end of this year.
Home Builder Confidence Jumps By Widest Margin Since 2002
U.S. housing markets are gaining as demand for homes exceeds available supplies in many areas. The National Association of Home Builders/ Wells Fargo Housing Market Index (HMI) for June increased by eight points over May's reading to achieve a positive reading of 52. This last happened in August-September of 2002, when HMI monthly readings also jumped by eight points.