31 Mar 2014
By Mark Feder

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

Uncategorized
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

Uncategorized
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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10 Mar 2014
By Mark Feder

What’s Ahead For Mortgage Rates This Week – March 10, 2014

Uncategorized
Last week's economic news included construction spending and the CoreLogic Home Price Index for January.  Reports for February included ADP Employment, Non-Farm Payrolls and national unemployment data. The Federal Reserve's Beige Book report and weekly reports on mortgage rates and new unemployment claims rounded out the week's economic news. Highlights for last week include: Consumer spending gained 0.40 percent for January. The expected reading was 0.20 percent and the reading for December was flat. The Commerce Department reported that increased spending was less an indicator of consumer discretionary spending than an indicator of high utility costs caused by severe winter…
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11 Feb 2013
By Mark Feder

What’s Ahead For Mortgage Rates This Week: February 11th, 2013

Mortgage Rates
Mortgage rates worsened last week in response to more indications that the U.S. economy and global economic trends are improving. Global economic data was stronger than expected; which generally boosts investor confidence and leads to higher mortgage rates in California and across the country. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage was 3.53 percent with borrowers paying all of their closing costs and 0.8 percent in discount points along with a full complement of closing costs. The U.S Department of Commerce reported that Factory Orders for December improved over November; they rose from 0.0…
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