08 Jun 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – June 8, 2015

Market Outlook
Last week's economic news included reports on construction spending, Freddie Mac's mortgage rates survey and several employment related reports. The details: Construction Spending Jumps The Commerce Department reported that construction spending reached its fastest annual pace since November 2008. Most of the momentum was caused by construction of apartments, commercial projects and roads, and construction of single family homes. Builders spent 2.20 percent more in April than they did in March, which equated to an annual outlay of $1.01 trillion for all types of construction spending. Analysts said that increased spending in construction indicated that the housing sector could see…
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01 Jun 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – June 1, 2015

Market Outlook
Last week's economic reports included the Case-Shiller Home Price Indexes, FHFA's House Price Index and Pending Home Sales from the Commerce Department. The details: Home Prices Dip in March, Pending Home Sales Up According to the Case-Shiller 20-City Housing Market Index, the national reading for average home prices dipped in March. The 20-City Index moved from February's year-over-year home price growth of 4.20 percent to an average year-over-year home price growth rate of 4.10 percent in March. San Francisco, California reclaimed the top spot for home price growth of 10.30 percent year-over-year. The Federal Housing Finance Agency reported results that…
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27 May 2015
By Mark Feder

Case-Shiller Home Prices: San Francisco, Denver see Double-Digit Increases

Market Outlook
San Francisco, California where home prices rose 10.30 percent year over year in March, and Denver, Colorado with an even 10 percent gain in year-over-year home prices led the Case-Shiller 20-City Composite Index for March. Rounding out the top-five cities for year-over-year home price growth were Dallas Texas at 9.30 percent, Miami, Florida at 8.70 percent and Tampa, Florida with a year-over-year average gain in home prices at 8.10 percent. San Francisco's reading for March was the first double-digit increase in home prices since last July. The five lowest year-over-year price gains occurred in Washington, D.C. and Cleveland, Ohio tied…
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26 May 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – May 26, 2015

Market Outlook
Last week's economic reports included several readings related to housing The Wells Fargo/National Association of Home Builders Housing Market Index, the Commerce Department's releases on Housing Starts and Building Permits, and the National Association of Realtors® report on Existing Home Sales supplied mixed news on recent developments in housing. Freddie Mac and the Labor Department released their usual reports on mortgage rates and weekly jobless claims. The details: NAHB: Builder Confidence Slips, But Remains Positive The Wells Fargo/ National Association of Home Builders (NAHB) released its Housing Market Index report for April. Although April's reading was two points lower at…
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