10
Jan
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Market Outlook, , ,

What’s Ahead For Mortgage Rates This Week – January 11, 2016

The first week of 2016 was quiet concerning housing and mortgage related news, but reports on construction spending and several labor-related reports were released. Construction spending is connected to housing markets as it provides evidence of builder confidence and also future housing supply. Labor market trends provide a sense of economic performance in general and can influence potential buyers on decisions about buying or not buying homes. Construction Spending Dips in November According to the Commerce Department, construction spending dropped by 0.40 percent in November to a seasonally adjusted annual reading of $1.12 trillion. November's reading was short of the…
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23
Nov
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Market Outlook, ,

What’s Ahead For Mortgage Rates This Week – November 23, 2015

Last week's economic events included reports the National Association of Home Builders Housing Market Index, Housing Starts and the release of minutes for the most recent meeting of the Fed's Federal Open Market Committee. The details: NAHB: Builder Confidence in Housing Markets Dips The National Association of Home Builders reported that builder confidence dropped to a reading of 62 as compared to October's revised reading of 65. Any NAHB reading above 50 indicates that more builders are positive about market conditions than not. NAHB's assessment of housing market conditions is based on readings for three aspects of current and future…
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22
Jun
By
Market Outlook, ,

What’s Ahead For Mortgage Rates This Week – June 22, 2015

Last week's economic news included National Association of Home Builders / Wells Fargo (NAHB) Housing Market Index and Commerce Department reports on Housing Starts and Building Permits, the post-meeting statement of the Fed's Federal Open Market Committee (FOMC), and Fed Chair Janet Yellen's scheduled press conference. NAHB: Home Builder Confidence Hits 9 Month High Home builder confidence in housing market conditions is growing in spite of a planned merger between two builders and related cost-cutting efforts. According to the NAHB's the home builder index posted a reading of 59 in June as compared to an expected reading of 55 and…
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