27
Apr
By
Market Outlook, ,

What’s Ahead For Mortgage Rates This Week – April 27, 2015

Last week's housing related reports included the FHFA Home Price Index, the National Association of Realtors® Existing Home Sales report and The Commerce Department's report on new home sales. Results were mixed, but suggest that housing markets are strengthening. FHFA Home Prices Up in February, Existing Home Sales Highest in 18 Months The Federal Housing Finance Agency reported that home prices associated with mortgages owned or backed by Fannie Mae and Freddie Mac rose from a 5.10 percent increase in January to a seasonally adjusted annual rate of 5.40 percent in February. The National Association of Realtors® reported that sales…
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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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17
Nov
By
Chapter 7 Bankruptcy, ,

What’s Ahead For Mortgage Rates This Week – November 17, 2014

Last week's housing related news was lean, with no scheduled reports released other than Freddie Mac's primary mortgage market survey. We'll start with some good news. The University of Michigan / Thompson-Reuters Consumer Sentiment Index reported its highest reading in more than seven years. November's reading of 89.4 surpassed the expected reading of 88.0 and was higher than October's reading of 86.9 Mortgage Rates Near 4.00 Percent, Weekly Jobless Claims Up Freddie Mac reported a one-basis point drop in the average rate for 30-year fixed rate mortgage from 4.02 percent to 4.01 percent; the average rate for a 15-year fixed…
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