Highlights of economic news from last week, include a survey of senior loan officers from U.S. and foreign banks doing business in the U.S. indicated that banks were gradually easing lending standards for business and consumer loans, but viewed lending criteria for home loans as more restrictive than other types of loans.
Category Archives: Housing Analysis
RealtyTrac Report Shows Home Prices Increasing At Highest Rate Since 1977
U.S. housing markets continue to drive the economic recovery according to data released by RealtyTrac Inc.
What’s Ahead For Mortgage Rates This Week – August 5, 2013
The past week brought encouraging economic news from several sources. The FOMC statement indicated that the Federal Reserve has not set a date for rolling back its quantitative easing program and ADP reported more private sector jobs added than expected.
Case Shiller Home Price Index Shows Rising Prices For May 2013
The S&P/Case-Shiller Home Price Index (HPI) released Tuesday presented solid evidence that the housing recovery continued during May.
What’s Ahead For Mortgage Rates This Week — July 29, 2013
New home sales surpassed expectations and consumer sentiment rose for July; these readings among others suggest that the economy continued to improve and that consumer confidence in the economy improved as well.
What’s Ahead For Mortgage Rates This Week – July 22, 2013
Last week’s economic news was a mixed bag with retail sales and housing starts coming in lower than expected, but home builder confidence in housing markets increased.
Home Builder Confidence Rises To Highest Level Since January 2006
The National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index (HMI) rose in July.
What’s Ahead For Mortgage Rates This Week – July 15, 2013
The Fed’s release of the minutes for the June FOMC meeting was the most noteworthy economic event last week; the minutes repeated the Fed’s recent statement concerning the wind-down of its current monetary easing policy.
What’s Ahead For Mortgage Rates This Week – July 8, 2013
Last week saw a relatively quiet week due to the 4th of July holiday, but there were some housing-related developments.
What’s Ahead For Mortgage Rates This Week – July 1, 2013
The past week was active for economic news and mortgage rates. The aftermath of the Fed’s indication that it may start dialing back its multi-billion dollar monthly purchases of Treasury and mortgage backed securities has sent mortgage rates to record highs.