14 Apr 2014
By Mark Feder

What’s Ahead For Mortgage Rates This Week – April 14, 2014

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While little housing-related news was released, last week's economic news showed signs of a brighter economic picture. Labor statistics were stronger, with job openings up and new jobless claims filed lower than expected. Mortgage rates fell, and the University of Michigan's Consumer Sentiment Index was higher than expected. More Jobs Available, Fewer New Jobless Claims The Bureau of Labor Statistics (BLS) reported that February job openings rose to 4.20 million, which exceeded January's reading of 3.9 million jobs. New jobless claims were lower than expected with 300,000 new jobless claims filed against expectations of 316,000 new jobless claims and the…
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07 Apr 2014
By Mark Feder

What’s Ahead For Mortgage Rates This Week – April 7, 2014

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Last week's economic news included readings on February construction spending and multiple reports on employment data. Private sector employment was higher in March, but The Bureau of Labor Statistics reported that Non-Farm Payrolls for March fell short of expectations. According to Freddie Mac, mortgage rates ticked upward. Employment And Unemployment News ADP's payrolls report for March was higher than February's reading, with 191,000 new private sector jobs added. In February, 178,000 jobs were added. February's reading originally showed 138,000 new jobs added. While analysts were confident that private-sector employment was showing signs of stability, the U.S. Bureau of Labor Statistics…
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31 Mar 2014
By Mark Feder

What’s Ahead For Mortgage Rates This Week – March 31, 2014

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Last week's economic news includes several reports about housing markets. The S&P Case-Shiller 10 and 20 city housing market indices, the FHFA House Price Index, New Home Sales and Pending Home sales reports suggest that the national housing market continues to grow, but at lower rates. Regional readings varied and suggested that winter weather was a negative influence on affected markets. In a press conference held on March 19 Federal Reserve Chair Janet Yellen said that severe winter weather had interfered with the Fed's ability to get a clear reading on economic developments. The Case-Shiller 10 and 20-City Home Price…
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17 Mar 2014
By Mark Feder

What’s Ahead For Mortgage Rates This Week – March 17th, 2014

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Last week's economic reports provided rays of light as compared to the recent slump in positive economic news. Unusually severe winter weather conditions affected housing-related indicators as home builders and home buyers stayed on the sidelines. With spring on the horizon, last week's economic news showed welcome signs of growth. Job Openings Up, New Jobless Claims Fall Employment is a major factor in the decision to buy a home; would-be home buyers received a vote of confidence last week as January's job openings increased by one million to 40 million as compared to December's reading of 39 million job openings.…
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