Market Outlook Archives - Page 5 of 23

14

Dec

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Market OutlookFederal Open Market Committee, Freddie Mac, Market Outlook

What’s Ahead For Mortgage Rates This Week – December 14, 2015

Last week's scheduled economic releases included reports on job openings, retail sales and consumer confidence in addition to usual weekly releases on mortgage rates and new jobless claims. The details: According to the U.S. Labor Department, job openings were down 2.70 percent in October to a reading of 5.38 million as compared to September's reading of 5.50 million job openings and the all-time high reading of 5.67 million job openings in July. October's reading was the third highest since the recession ended in 2009. Analysts said that a gap between job skills sought by employers and job skills applicants bring…

What’s Ahead For Mortgage Rates This Week – December 07, 2015

Multiple economic reports released last week indicate further improvement in economic conditions. Pending home sales, construction spending and ADP payrolls increased while Non-farm Payrolls fell and the national unemployment rate held steady. The details: Pending Home Sales, Construction Spending Increase According to the Commerce Department, pending home sales increased by 0.20 percent in October as compared to September's reading of -2.30 percent. Construction spending of 1.00 percent for October exceeded September's reading of 0.60 percent growth and expectations that October's reading would hold steady with a growth rate of 0.60 percent. Increased construction spending suggests that home builders may increase…

What’s Ahead For Mortgage Rates This Week – November 30, 2015

Although last week's economic calendar was cut short by the Thanksgiving holiday, several housing-related reports were released. The FHFA reported on third quarter results for its Housing Market Index and the Commerce Department reported on new home sales for October. Freddie Mac released its weekly report on mortgage rates and data on new weekly jobless claims was also released. FHFA, Commerce Department report Gains for Home Prices, New Home Sales Home prices for mortgages associated with mortgages owned or backed by Fannie Mae and Freddie Mac increased 1.30 percent during the quarter ended September 30. This was the 17th consecutive…