03 Aug 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – August 3, 2015

Market Outlook
Last week's scheduled economic reports included the Case-Shiller 20 and 20-City Index reports, pending home sales data released by the National Association of Realtors® and the scheduled post-meeting statement of the Federal Reserve's Federal Open Market Committee. Case-Shiller: Home Prices Growing at Normal Pace The Case-Shiller 20-City Home Price index for May reported that year-over-year home prices grew by 4.40 percent year-over-year. S & P Index Committee Chair David M Blitzer said that home prices are increasing gradually by four to five percent a year as compared to double-digit percentages seen in 2013. Mr. Blitzer said that home price growth…
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06 Jul 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – July 6, 2015

Market Outlook
Last week's housing-related economic events included the Case-Shiller Home Price Index reports for April, the Commerce Department's Pending Home Sales report and a report on Construction Spending. In other economic news, Non-Farm Payrolls, the ADP Employment report and Consumer Confidence reports were released. Freddie Mac's mortgage rates summary and the weekly unemployment claims report were released as usual. Case-Shiller: Home Price Growth Slows in April The Case-Shiller 20-City Home Price Index reported that year-over-year home prices slowed in April with a reading of 4.20 percent as compared to the March reading of 4.30 percent. David M Blitzer, chairman of the…
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01 Jul 2015
By Mark Feder

Case-Shiller: Home Price Growth Slower in April

Market Outlook
According to the Case-Shiller 20-City Home Price Index for April, home prices slowed from the March reading of 4.30 percent year-over-year to 4.20 percent year-over-year. David M Blitzer, Chairman of S&P Index Committee, said that home prices are not accelerating and characterized slower home price growth as "sustainable as compared to double-digit appreciation in home prices seen in 2013." The disparity between wage increases and home price growth was keeping would-be-buyers on the sidelines; so slower gains in home prices may bring more buyers into the market. Denver Claims Top Spot for Year-Over-Year Home Price Growth Denver, Colorado led home…
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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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