02
Nov
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Market Outlook, , ,

What’s Ahead For Mortgage Rates This Week – November 2, 2015

A number of economic reports released last week indicate mixed economic progress. The 20-City Home Price Index released by S&P Case Shiller showed that August home prices rose, but New Home Sales dropped in September. The Federal Open Market Committee of the Federal Reserve indicated that it may reserve the target federal funds range at its next meeting in December. Case-Shiller Reports Higher Home Prices in August August's 20-City Home Price Index issued by S&P Case Shiller showed that average home prices rose in 18 of 20 cities with Denver, Colorado and San Francisco, California posting year-over-year increases of 10.70…
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28
Oct
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Market Outlook, , ,

Case-Shiller: August Home Prices Accelerate

According to the Case-Shiller 20-City Home Price Index, U.S. home prices increased by 0.40 percent in August, which boosted year-over-year home price growth to 5.10 percent. Denver, Colorado continued to lead in home price gains with a monthly increase of 0.90 percent and a year-over-year gain of 10.70 percent. San Francisco, California also posted a year-over-year gain of 10.70 percent, but posted a month-to-month loss of -0.10 percent. Portland, Oregon posted a year-over-year gain of 9.40 percent with a month-to-month gain of 1.10 percent. Cities with the slowest growing home prices year-over-year included New York City with a reading of…
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26
Oct
By
Market Outlook, , ,

What’s Ahead For Mortgage Rates This Week – October 26, 2015

Last week's economic news included the National Association of Home Builders Index, Housing Starts and FHFA's report on August home sales. The National Association of Realtors® released its monthly report on sales of previously owned homes. Builder Confidence and Housing Starts Post Gains The Wells Fargo National Association of Home Builders Housing Market Index for September posted its highest level of builder confidence in 10 years a higher than expected results with a reading of 64 for October. Analysts expected a reading of 62 based on September's reading of 61. The NAHB Wells Fargo Housing Market Index reading is based…
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