Last weekâs economic news included a number of housing related reports. According to the National Association of REALTORS, pending home sales dropped by 1.10 percent in June. The S P Case-Shiller Home Price Index reports for May noted that home prices are growing at a slower rate of 9.30 percent year-over-year than April’s year-over-year growth rate of 10.80 percent.
What’s Ahead For Mortgage Rates This Week – July 28, 2014
Last week’s economic news brought several housing-related reports, which indicated varying results in terms of gauging the economic recovery.
What’s Ahead For Mortgage Rates This Week – July 21, 2014
Last week’s economic news offered a variety of indications that the economic recovery continues, but some readings missed their expected levels. The Philadelphia and New York branches of the Federal Reserve Bank reported higher than anticipated manufacturing for their respective regions and new jobless claims were lower than expected.
What’s Ahead For Mortgage Rates This Week – July 14, 2014
Last week brought news from the Fed as two Federal Reserve Bank Presidents made speeches and the Federal Open Market Committee (FOMC) of the Fed released the minutes of its last meeting. The minutes reveal the Fed’s intention to wrap up its bond-buying program in October with a final purchase of $15 billion in mortgage-backed securities (MBS) and Treasury bonds
Fed Meeting Statement Reveals Good News For Real Estate
The Federal Reserve’s statement after yesterday’s Federal Open Market Committee (FOMC) meeting left no doubt as to the Fed’s dual commitment to keeping long term interest rates down and encouraging economic growth.
What’s Ahead For Mortgage Rates This Week : January 28, 2013
Mortgage rates rose last week as investors gained confidence in the global economy
What’s Ahead For Mortgage Rates This Week : December 17, 2012
Mortgage bonds worsened last week, moving mortgage rates higher.
Simple Explanation Of The Federal Reserve Statement (December 12 , 2012)
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.
The Federal Reserve Begins A 2-Day Meeting Today
The Federal Open Market Committee (FOMC) begins a 2-day meeting today, its last of 8 scheduled meetings this year.
What’s Ahead For Mortgage Rates This Week : December 10, 2012
Mortgage bonds worsened last week as Fiscal Cliff talks moved closer to resolution and as the U.S. economy showed continued signs of growth.