FacebookYouTubeRss

Mortgage Rates

What’s Ahead For Mortgage Rates This Week – July 25, 2016

Last week's economic news included readings on builder confidence in housing market conditions, housing starts, building permits issued and existing home sales. Weekly reports on mortgage rates and new jobless claims were also released. The National Association of Home Builders reported that home builder confidence fell one point in July to 59 as compared to an expected reading and June reading of 60. Builders again cited shortages of buildable lots and labor.

By |2017-08-10T02:01:08-04:00July 25th, 2016|Mortgage Rates|Comments Off on What’s Ahead For Mortgage Rates This Week – July 25, 2016
Read More

NAHB: Home Builder Confidence Slips in June

Home builder confidence fell slightly in June to a reading of 59 according to the National Association of Home Builders Housing Market Index. Analysts had expected no change to June's reading of 60. June components of the HMI were also lower. Builder confidence in current market conditions dropped by one point to 63; builder confidence in market conditions over the next six months fell three points to a reading of 66. The reading for foot traffic in new single-family developments dropped one point to 55. Readings over 50 indicate that more builders than fewer are confident about housing market conditions.

By |2017-08-10T02:01:13-04:00July 19th, 2016|Mortgage Rates|Comments Off on NAHB: Home Builder Confidence Slips in June
Read More

What’s Ahead For Mortgage Rates This Week – July 11, 2016

New jobless claims were decreased to a three-month low of 254,000 as compared to expectations of 265,000 new claims and the prior week's reading of 270,000 new claims. New jobless claims were higher after the end of the school year, when some school workers became eligible for benefits when schools closed for summer break.

By |2017-08-10T02:01:22-04:00July 11th, 2016|Mortgage Rates|Comments Off on What’s Ahead For Mortgage Rates This Week – July 11, 2016
Read More

What’s Ahead For Mortgage Rates This Week – July 5, 2016

Last week's economic events included S&P Case-Shiller's Housing Market Indices for April along with reports on Construction Spending and Pending Home Sales. Consumer Confidence was higher in June in spite of low wage growth and inflation well below the Fed's goal of 2.00 percent annually.

By |2017-08-10T02:01:28-04:00July 5th, 2016|Mortgage Rates|Comments Off on What’s Ahead For Mortgage Rates This Week – July 5, 2016
Read More

What’s Ahead For Mortgage Rates This Week – June 20, 2016

Mortgage rates fell after Federal Reserve policymakers decided not to raise the Fed's target federal funds rate. The Federal Open Market Committee cited ongoing concerns over global financial and economic developments and slow jobs growth as factors in its decision not to raise rates. Fed Chair Janet Yellen emphasized the committee's decision-making process is not predetermined and said that ongoing review of current and developing news is significant to monetary policy decisions.

By |2017-08-10T02:01:48-04:00June 20th, 2016|Mortgage Rates|Comments Off on What’s Ahead For Mortgage Rates This Week – June 20, 2016
Read More

Fed Monetary Policy: No Rate Increase in June

According to its post-meeting statement issued Wednesday, the Federal Open Market Committee of the Federal Reserve voted not to increase its target federal funds rate. The target federal funds rate will remain at 0.250 to 0.50 percent.

By |2017-08-10T02:01:51-04:00June 16th, 2016|Mortgage Rates|Comments Off on Fed Monetary Policy: No Rate Increase in June
Read More

Recent News

Go to Top