05 Aug 2013
By Mark Feder
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What’s Ahead For Mortgage Rates This Week- August 5, 2013

Housing Analysis
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. While weekly jobless claims were fewer than expected, the national unemployment rate remained elevated: Monday: Pending Home Sales: The National Association of REALTORS reported that sales contracts fell in June due to rising mortgage rates and a tight inventory of available homes. Tuesday: The S&P Case-Shiller Home Price Indices showed that national home prices increased by 12.2 percent annually. All 20 cities used…
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31 Jul 2013
By Mark Feder
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Case Shiller Home Price Index Shows Rising Prices For May 2013

Housing Analysis
The S&P/Case-Shiller Home Price Index (HPI) released Tuesday presented solid evidence that the housing recovery continued during the month of May. The Case-Shiller 20-City Index showed increasing home prices for all 20 cities. Highest Year-Over-Year Gains Included Theses Cities: San Francisco, CA 24.50 percent Las Vegas, NV 23.30 percent Phoenix, AZ 20.60 percent Atlanta, GA 20.10 percent Los Angeles, CA 19.20 percent In surprising news, Dallas, TX and Denver, CO posted record year-over-year price gains that surpassed their pre-crisis peaks. Year-over-year home prices in Dallas increased by 7.60 percent and Denver home prices increased by 9.70 percent year-over-year in May.…
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29 Jul 2013
By Mark Feder
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What’s Ahead For Mortgage Rates This Week — July 29, 2013

Housing Analysis
Last week brought a mixed bag of economic news, but most notably, average mortgage rates fell. 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. Monday: Existing home sales in June were reported at 5.08 million on a seasonally-adjusted annual basis. While this fell short of expectations of 5.25 million existing homes sold, the expectation was based on the original reading of 5.18 million existing homes sold for May; this was later revised to 5.14 million homes…
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22 Jul 2013
By Mark Feder
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What’s Ahead For Mortgage Rates This Week – July 22, 2013

Housing Analysis
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. Weekly jobless claims fell, and Fed Chair Ben Bernanke testified before the Senate, saying that falling gold prices were an indication of increasing confidence in the economy, but that it was "way too soon" to say when the Fed's quantitative easing program would be reduced. Monday: Retail sales for June came in lower than expected at 0.4 percent. Economists estimated a reading of 0.9 percent based on May's reading of 0.5 percent. Tuesday:…
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