What’s Ahead For Mortgage Rates This Week – Aug 18, 2014
Last week's economic news brought little housing-related content, but several economic reports in other sectors contributed to overall perceptions of the economy.
Last week's economic news brought little housing-related content, but several economic reports in other sectors contributed to overall perceptions of the economy.
Last weekâs housing related news was minimal, but a Federal Reserve survey of senior loan officers revealed that although credit standards for commercial and industrial loans as well as credit cards are easing, current mortgage credit standards are more stringent than in 2005.
Last weekâs economic news included a number of housing related reports. According to the National Association of REALTORS, pending home sales dropped by 1.10 percent in June. The S P Case-Shiller Home Price Index reports for May noted that home prices are growing at a slower rate of 9.30 percent year-over-year than April's year-over-year growth rate of 10.80 percent.