Last week’s mortgage and housing-related reports began with Construction Spending for December, with a reading of 0.10 percent or a seasonally adjusted $930.5 billion.
December’s reading fell short of an expected increase of 0.40 percent.
Category Archives: Mortgage Rates
What’s Ahead For Mortgage Rates This Week – February 03, 2014
Last week brought mixed news; while the Department of Commerce reported a dip in new home sales, mortgage rates also fell. The Federal Reserve’s FOMC statement revealed that quantitative easing would be further reduced by an additional $10 billion monthly.
What’s Ahead For Mortgage Rates This Week – January 20, 2014
Welcome news arrived last week as lower mortgage rates and a higher number of housing starts were reported. Other economic news was mixed.
What’s Ahead For Mortgage Rates This Week – January 13, 2014
The first post-holiday week of 2014 brought mixed economic and housing-related news. CoreLogic reported via its Housing Market Index that November home prices grew by 11.80 percent year-over-year.
What’s Ahead For Mortgage Rates This Week – January 6, 2014
The last week of 2013 brought relatively good news in view of the economic roller coaster rides caused by legislative impasse. A brief shutdown of federal government agencies, and nail-biting suspense over if and when the FOMC of the Federal Reserve would taper its quantitative easing program.
What’s Ahead For Mortgage Rates This Week – December 30, 2013
The University of Michiganâs Consumer Sentiment Index was improved for December at 82.5, after the November reading was adjusted from 82.5 to 75. Analysts noted that consumers were relieved when legislative gridlock ended.
What’s Ahead For Mortgage Rates This Week – December 23, 2013
According to December’s NAHB/Wells Fargo Housing Market Index, home builder confidence rose by four points to a reading of 58; this surpassed the consensus of 56 and November’s reading of 56.
What’s Ahead For Mortgage Rates This Week – December 16, 2013
Mortgage Debt Rises For First Time Since Recession
Last week was relatively quiet concerning scheduled housing-related news, but the Federal Reserve’s financial accounts report, released on Monday, indicated that mortgage debt in the U.S. had increased for the first time since the first quarter (Q1) of 2008.
What’s Ahead For Mortgage Rates This Week – December 9, 2013
Last week brought several indicators of a strengthening economy. New home sales, private and federal employment and mortgage rates rose.