20
Apr
By
Market Outlook, ,

What’s Ahead For Mortgage Rates This Week – April 20, 2015

Last week's economic reports included the NAHB Wells Fargo Housing Market Index, Housing Starts, and Freddie Mac's weekly survey of mortgage rates. Other news included the weekly jobless claims report and consumer sentiment for April. Mortgage Rates, Jobless Claims Rise Mortgage rates moved up according to Freddie Mac. The average rate for a 30-year fixed rate mortgage increased by one basis point to 3.67 percent. The average rate for a 15-year fixed rate mortgage also increased by one basis point to 2.94 percent. The average rate for 5/1 adjustable rate mortgages rose by five basis points to 2.88 percent. Discount…
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13
Apr
By
Market Outlook, ,

What’s Ahead For Mortgage Rates This Week – April 13, 2015

Last week's economic news included the minutes from the most recent FOMC meeting, which indicated that the Fed's monetary policymakers are eyeing a potential increase in the target federal funds rate, but don't expect to do so immediately. Members of the Federal Open Market Committee expressed concerns about lagging housing markets and noted that inflation has not yet achieved the Fed's two percent goal. When the Fed decides to raise its target federal funds rate, which now stands at 0.00 to 0.25 percent, Interest rates and mortgage rates can be expected to rise as well. Mortgage Rates Lower, Jobless Claims…
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06
Apr
By
Market Outlook, ,

What’s Ahead For Mortgage Rates This Week – April 6, 2015

Mortgage rates ticked upward for fixed rate loans and were unchanged for 5/1 adjustable rate mortgages according to Freddie Mac. Weekly jobless claims were lower in spite of slower job growth reports. Last week's economic events included several reports on jobs and unemployment including the ADP report on private-sector payrolls, the Department of Labor's reports on non-farm payrolls and the national unemployment rate. The details: Mortgage Rates, Pending Home Sales Weekly Jobless Claims Fixed mortgage rates rose by one basis point for both 30 and -15-year mortgages. The average rate for a 30 year mortgage rate was 3.80 percent and…
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