17
Feb
By
Market Outlook, ,

What’s Ahead For Mortgage Rates This Week – February 16, 2015

Last week's economic news included an index of labor market conditions provided by the Federal Reserve, a report on small business sentiment, and a report from the Labor Department on job openings. Weekly jobless claims, Freddie Mac's mortgage rates report and a report on Consumer Sentiment rounded out the week. The details: Labor Market Conditions, Small Business Index Reports Fall According to the January reading for a labor index report released by the Federal Reserve, labor market conditions declined from December's reading of 7.3 to January's reading of 4.9. This index is based on 19 economic indicators and January's reading…
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09
Feb
By
Market Outlook, ,

What’s Ahead For Mortgage Rates This Week – February 9, 2015

Last week's economic news included construction spending, which fell shy of expectations but exceeded the prior month's spending, and several consumer and labor-related reports. The details: Mortgages More Accessible: Fed Survey A Federal Reserve survey of senior loan officers at 73 U.S. banks and 23 branches of foreign banks indicated that mortgages may be more accessible. While banks eased credit standards for mortgages eligible for purchase by Fannie Mae and Freddie Mac, consumer demand for mortgages fell over the last three months. This seems puzzling given lower mortgage rates, but mortgage lending rules remain tough for borrowers with less than…
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02
Feb
By
Market Outlook, ,

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

Last week's economic reports included Case-Shiller 10 and 20-City Home Price Index reports for November along with new and pending home sales for December. Freddie Mac reported on average mortgage rates and new jobless claims dipped unexpectedly. The details: Case-Shiller: Home Price Growth Slower in November Case-Shiller's 20-City Home Price Index for November indicated that home prices continue to slow across the nation. Seasonally-adjusted annual home price growth slowed to 4.30 percent from October's reading of 4.50 percent. Slowing momentum in year-over-year home price growth placed downward pressure on month-to-month readings. Several cities, including Atlanta, Georgia, Boston Massachusetts and Cleveland…
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