30 Nov 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – November 30, 2015

Market Outlook
Although last week's economic calendar was cut short by the Thanksgiving holiday, several housing-related reports were released. The FHFA reported on third quarter results for its Housing Market Index and the Commerce Department reported on new home sales for October. Freddie Mac released its weekly report on mortgage rates and data on new weekly jobless claims was also released. FHFA, Commerce Department report Gains for Home Prices, New Home Sales Home prices for mortgages associated with mortgages owned or backed by Fannie Mae and Freddie Mac increased 1.30 percent during the quarter ended September 30. This was the 17th consecutive…
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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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14 Sep 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – September 14, 2015

Market Outlook
A short week after the Labor Day Holiday provided a slack schedule for economic news. Bloomberg reported that residential investment for the second quarter of 2015 represented 3.34 percent of the Gross Domestic Product. Compared to the long-term average reading of 4.56 percent, analysts said that the Q2 15 reading suggested pent-up demand in the housing market that could help propel the economy through any setbacks that could occur when the Fed raises rates. Pent-Up Housing Demand a Plus when Fed Raises Rates Job openings rose in July to 5.75 million as compared to June's reading of 5.32 million. This…
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17 Aug 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – August 17, 2015

Market Outlook
Last week's economic reports related to housing were few and far between other than weekly reports on new jobless claims and Freddie Mac's mortgage rates survey. Mortgage Rates Mixed, Jobless Claims UpFreddie Mac reported that average mortgage rates rose for fixed rate mortgages and dropped for 5/1 adjustable rate mortgages. The average rate for a 30-year fixed rate mortgage rose by three basis points to 3.94 percent. The rate for a 15-year fixed rate mortgage rose by four basis points to 3.17 percent. The average rate for a 5/1 adjustable rate mortgage fell by two basis points to 2.93 percent.…
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