What’s Ahead For Mortgage Rates This Week – December 23, 2013
According to December's NAHB/Wells Fargo Housing Market Index, home builder confidence rose by four points to a reading of 58; this surpassed the consensus of 56 and November's reading of 56. November Housing Starts were released Wednesday and also exceeded expectations and the prior month's reading. 1.09 million housing starts were reported for November against expectations of 963,000 and October's reading of 889,000 housing starts. Building permits issued in November came in at 1.01 million and fell short of October's reading of 1.04 million permits issued. November's reading exceeded expectations of 990,000 permits issued. The week's big news emerged after…