23 Nov 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – November 23, 2015

Market Outlook
Last week's economic events included reports the National Association of Home Builders Housing Market Index, Housing Starts and the release of minutes for the most recent meeting of the Fed's Federal Open Market Committee. The details: NAHB: Builder Confidence in Housing Markets Dips The National Association of Home Builders reported that builder confidence dropped to a reading of 62 as compared to October's revised reading of 65. Any NAHB reading above 50 indicates that more builders are positive about market conditions than not. NAHB's assessment of housing market conditions is based on readings for three aspects of current and future…
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16 Nov 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – November 16, 2015

Market Outlook
Last week's scheduled economic news was sparse due to no scheduled releases on Monday and the Veterans Day Holiday on Wednesday. A report on job openings was released on Thursday along with regularly scheduled weekly reports on jobless claims and Freddie Mac's report on mortgage rates. Mortgage Rates, Weekly Jobless Claims Rise Mortgage rates rose last week according to Freddie Mac. The average rate for a 30-year fixed rate mortgage rose to 3.98 percent from last week's reading of 3.87 percent. The average rate for a 15-year fixed rate mortgage rose to 3.20 percent from the prior week's reading of…
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09 Nov 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – November 09, 2015

Market Outlook
Last week's economic reports included releases on construction spending and several labor-related reports including ADP payrolls, Non-Farm payrolls, average hourly earnings and weekly jobless claims. Freddie Mac reported that mortgage rates rose as the national unemployment rate decreased to 5.00 percent. Labor Reports Show Mixed Results Key readings on employment showed mixed results as ADP payrolls decreased to 182,000 from September's downwardly revised reading of 190,000 private sector jobs added. U.S. jobs expanded to a reading of 271,000 jobs added in October, which exceeded expectations of 180,000 jobs added and September's reading of 137,000 jobs added. This was the fastest…
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02 Nov 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – November 2, 2015

Market Outlook
A number of economic reports released last week indicate mixed economic progress. The 20-City Home Price Index released by S&P Case Shiller showed that August home prices rose, but New Home Sales dropped in September. The Federal Open Market Committee of the Federal Reserve indicated that it may reserve the target federal funds range at its next meeting in December. Case-Shiller Reports Higher Home Prices in August August's 20-City Home Price Index issued by S&P Case Shiller showed that average home prices rose in 18 of 20 cities with Denver, Colorado and San Francisco, California posting year-over-year increases of 10.70…
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