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What’s Ahead For Mortgage Rates This Week – July 25, 2016

Last week’s economic news included readings on builder confidence in housing market conditions, housing starts, building permits issued and existing home sales. Weekly reports on mortgage rates and new jobless claims were also released. The National Association of Home Builders reported that home builder confidence fell one point in July to 59 as compared to an expected reading and June reading of 60. Builders again cited shortages of buildable lots and labor. . . . → Read More: What’s Ahead For Mortgage Rates This Week – July 25, 2016

What’s Ahead For Mortgage Rates This Week – December 28, 2015

This week’s report of economic events is shortened due to the Christmas holiday. Economic news through Wednesday included Existing Home Sales, New Home Sales and Consumer Spending. . . . → Read More: What’s Ahead For Mortgage Rates This Week – December 28, 2015

Existing Home Sales Dip More Than Expected

November sales of pre-owned homes dipped lower than expected and prior month’s readings according to the National Association of Realtors (NAR). Analysts expected existing home sales to slow to a seasonally-adjusted annual rate of 5.30 million sales, which was based on October’s reading of 5.32 million sales. Instead, November’s reading dropped to 4.76 million sales. November’s drop represented a decline of 10.50 percent drop in existing home sales month-to-month; existing home sales were 3.80 percent lower year-over-year. . . . → Read More: Existing Home Sales Dip More Than Expected

Sales of Pre-Owned Homes Hit Second Highest Level in 8 Years

Housing markets show continued strength as the National Association of Realtors reported that sales of existing homes reached their second highest level since February 2007. Sales of pre-owned homes increased by 4.70 percent and reached 5.55 million sales on a seasonally adjusted annual basis against analyst expectations of 5.34 million sales and August’s reading of 5.30 million sales of previously owned homes. . . . → Read More: Sales of Pre-Owned Homes Hit Second Highest Level in 8 Years

What’s Ahead For Mortgage Rates This Week – September 28, 2015

Last week’s scheduled economic news included reports on new and existing home sales, the FHFA House Price Index, and weekly reports on mortgage rates and new jobless claims. The week finished with a report on consumer sentiment. . . . → Read More: What’s Ahead For Mortgage Rates This Week – September 28, 2015

Good News! Existing Home Sales, FHFA Home Prices Increase

Housing markets show continued signs of strengthening according to reports released on Wednesday. The National Association of Realtors® reported that sales of pre-owned homes rose to 5.49 million in June as compared to May’s revised reading of 5.32 million pre-owned homes sold and expected sales estimated at 5.42 million sales. Expectations were based on May’s original reading of 5.35 million sales. June’s reading was the highest since February of 2007. Readings for existing home sales are calculated on a seasonally adjusted annual basis. . . . → Read More: Good News! Existing Home Sales, FHFA Home Prices Increase

Existing Home Sales Dip to Lowest Level since May

Sales of existing homes dropped to a seasonally-adjusted annual rate of 4.93 million as compared to expectations of a 5.18 million existing homes sold. Projections were based on October’s reading of 5.25 million. . . . → Read More: Existing Home Sales Dip to Lowest Level since May

Good News! Existing Home Sales Up And FHFA Home Prices Rise

After months of reports of slowing home price momentum and forecasts of a lagging housing market, we are pleased to report an increase in volume of existing home sales. . . . → Read More: Good News! Existing Home Sales Up And FHFA Home Prices Rise

Existing Home Sales Numbers Show Value Gains Across America

The National Association of REALTORS® released its Existing Home Sales report for March on Monday. Sales dipped from February’s seasonally adjusted annual rate of 4.95 million to 4.92 million existing homes sold in March, a decrease of 0.6 percent month-to-month. . . . → Read More: Existing Home Sales Numbers Show Value Gains Across America

Rising Sales Prices Are Excellent News For Homeowners Across America

Existing home sales have increased by 10.2 percent as compared to 4.52 million existing home sales for February 2012, and have increased for 20 consecutive months. Read more… . . . → Read More: Rising Sales Prices Are Excellent News For Homeowners Across America