19 Oct 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – October 19, 2015

Market Outlook
Last week's economic reports included Consumer Price Index and Core index for September, the minutes of the FOMC meeting held September 15 and 17, and weekly reports on mortgage rates and new jobless claims. The details: FOMC Minutes Hint at Looming Rate Hike as Inflation Lags Minutes of the Federal Open Market Committee meeting held in September suggest that while Fed policy makers have reservations about low inflation and labor markets, they may go ahead and raise the target federal funds rate from its current range of 0.00 to 0.25 percent. When the fed does raise rates, consumers can expect…
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13 Oct 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – October 13, 2015

Market Outlook
Last week's economic reports included the Federal Open Market Committee Meeting Minutes and Weekly Jobless Claims. Also, the new mortgage TRID rules went into effect. Here are the details: TRID (TILA-RESPA Integrated Disclosure) Goes Into Effect TRID, or TILA-RESPA Integrated Disclosure, which is also known as the "Know Before You Owe" rule will change the mortgage process by altering some standard loan forms and practices. Originally slated to go into effect August 1, the Consumer Financial Protection Bureau (CFPB) actually took effect on October 3. On Wednesday, October 7, 2015, the House of Representatives approved HR 3192, "The Homebuyers Assistance…
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05 Oct 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – October 05, 2015

Market Outlook
Last week's economic reports included Pending Home Sales, Construction Spending and several reports on jobs and employment. The details:Pending Home Sales Down as Home Prices RisePending home sales dipped in August, which is consistent with the waning spring and summer peak sales period for homes. Pending home sales were down by -1.40 percent as compared to July's gain of 0.50 percent. Pending home sales indicate future closings and mortgage loan volume.Home prices rose in July according to the S&P Case-Shiller Home Price Index, which reported that home prices for the 20-City Home Price Index rose from June's reading of 4.90…
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28 Sep 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – September 28, 2015

Market Outlook
Last week's scheduled economic news included reports on new and existing home sales, the FHFA House Price Index, weekly reports on mortgage rates, and new jobless claims. The week finished with a report on consumer sentiment.Existing Home Sales Fall as New Homes Sales and Home Prices RiseThe National Association of Realtors reported that home sales for pre-owned homes fell in August. Analysts expected sales of existing homes to reach a reading of 5.52 million sales on an annual basis, but the actual reading was 5.31 million existing homes sold as compared to July's reading of 5.58 million pre-owned homes sold.…
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