30 Mar 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – March 30, 2015

Market Outlook
Last week's economic reports included reports on new and existing home sales and FHFA's monthly home price index for properties associated with Fannie Mae and Freddie Mac mortgages. The details: New Home Sales Surge, Existing Home Sales Drop  According to the Department of Commerce, new home sales rose in January to a seasonally-adjusted annual rate of 539,000 which exceeded the expected rate of 455,000 sales and the revised figure of 500,000 sales of new homes in December 2014. This was a 7.80 percent increase over December's figure and was the first time since 2008 that new home sales met or…
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27 Oct 2014
By Mark Feder

What’s Ahead For Mortgage Rates This Week – October 27, 2014

Market Outlook
Last week's economic news included a few developments connected with housing and mortgage industries. While no economic reports were released on Monday, the rest of the week provided good news for existing home sales, home prices and mortgage rates. The National Association of REALTORS® reported that existing home sales in September exceeded expectations and the prior month's reading with a seasonally adjusted annual rate of 5.17 million sales. Three of four U.S. regions posted higher sales of previously owned homes with only the Midwest region reporting a decline in existing home sales. Analysts said that consistent job growth and improved…
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