Last week's weeks economic releases included readings on the NAHB Housing Market Index, housing starts and building permits issued and consumer sentiment. Weekly readings on mortgage rates and new jobless claims were also released. NAHB: Builder Confidence in Housing Market Holds Steady in February The National Association of Home builders reported an index reading of 72 for its Housing Market Index in February. January's reading was also 72; readings over 50 indicates that more builders … [Read more...]
What’s Ahead For Mortgage Rates This Week – July 20, 2015
Last week's economic news included an encouraging report from the National Association of Home Builders, whose housing market index held steady with a reading of 60 in July. This was the 13th consecutive month for readings over 50, which indicate that more builders are confident about housing markets than those who are not. July's reading was noteworthy as it was the highest since November 2005 prior to the recession. Housing Starts, Building Permits Increase The Commerce Department provided … [Read more...]
What’s Ahead For Mortgage Rates This Week – Sept 22, 2014
Last week's economic news largely concerned the Federal Reserve's FOMC meeting statement and a post-meeting conference given by Fed Chair Janet Yellen. The FOMC statement indicated that the Fed continued its wind-down of Treasury and mortgage-backed securities and that its purchases are expected to cease after the next FOMC meeting. The FOMC statement said that committee members find the economy to be improving at a moderate pace and currently strong enough to further reduce the QE3 monthly … [Read more...]
What’s Ahead For Mortgage Rates This Week – March 24, 2014
Last week's economic news included several housing-related reports including the Housing Market Index (HMI) for March, a report on housing starts, and building permits for February. The National Association of REALTORS® also released its Existing Home Sales report for February and the Federal Reserve issued its first FOMC statement under the helm of Fed Chair Janet Yellen. Home Builders Conservative On Housing Market Conditions The National Association of Home Builders Wells Fargo Housing … [Read more...]
