Market Outlook Archives - Page 8 of 26

16

Nov

Market OutlookFederal Open Market Committee, Freddie Mac, Housing Market Index, Market Outlook, National Association of Home Builders

What’s Ahead For Mortgage Rates This Week – November 16, 2015

Last week's scheduled economic news was sparse due to no scheduled releases on Monday and the Veterans Day Holiday on Wednesday. A report on job openings was released on Thursday along with regularly scheduled weekly reports on jobless claims and Freddie Mac's report on mortgage rates. Mortgage Rates, Weekly Jobless Claims Rise Mortgage rates rose last week according to Freddie Mac. The average rate for a 30-year fixed rate mortgage rose to 3.98 percent from last week's reading of 3.87 percent. The average rate for a 15-year fixed rate mortgage rose to 3.20 percent from the prior week's reading of…

09

Nov

By Jim Hasek

Market OutlookFederal Open Market Committee, Freddie Mac, Janet Yellen

What’s Ahead For Mortgage Rates This Week – November 09, 2015

Last week's economic reports included releases on construction spending and several labor-related reports including ADP payrolls, Non-Farm payrolls, average hourly earnings and weekly jobless claims. Freddie Mac reported that mortgage rates rose as the national unemployment rate decreased to 5.00 percent. Labor Reports Show Mixed Results Key readings on employment showed mixed results as ADP payrolls decreased to 182,000 from September's downwardly revised reading of 190,000 private sector jobs added. U.S. jobs expanded to a reading of 271,000 jobs added in October, which exceeded expectations of 180,000 jobs added and September's reading of 137,000 jobs added. This was the fastest…

02

Nov

By Jim Hasek

Market OutlookCase Shiller, Federal Open Market Committee, Freddie Mac, Market Outlook

What’s Ahead For Mortgage Rates This Week – November 2, 2015

A number of economic reports released last week indicate mixed economic progress. The 20-City Home Price Index released by S&P Case Shiller showed that August home prices rose, but New Home Sales dropped in September. The Federal Open Market Committee of the Federal Reserve indicated that it may reserve the target federal funds range at its next meeting in December. Case-Shiller Reports Higher Home Prices in August August's 20-City Home Price Index issued by S&P Case Shiller showed that average home prices rose in 18 of 20 cities with Denver, Colorado and San Francisco, California posting year-over-year increases of 10.70…

28

Oct

By Jim Hasek

Market OutlookCase Shiller, Fannie Mae, Freddie Mac, The Federal Housing Finance Agency

Case-Shiller: August Home Prices Accelerate

According to the Case-Shiller 20-City Home Price Index, U.S. home prices increased by 0.40 percent in August, which boosted year-over-year home price growth to 5.10 percent. Denver, Colorado continued to lead in home price gains with a monthly increase of 0.90 percent and a year-over-year gain of 10.70 percent. San Francisco, California also posted a year-over-year gain of 10.70 percent, but posted a month-to-month loss of -0.10 percent. Portland, Oregon posted a year-over-year gain of 9.40 percent with a month-to-month gain of 1.10 percent. Cities with the slowest growing home prices year-over-year included New York City with a reading of…

26

Oct

By Jim Hasek

Market OutlookMarket Outlook, NAHB, National Association of Home Builders, National Association of REALTORS

What’s Ahead For Mortgage Rates This Week – October 26, 2015

Last week's economic news included the National Association of Home Builders Index, Housing Starts and FHFA's report on August home sales. The National Association of Realtors® released its monthly report on sales of previously owned homes. Builder Confidence and Housing Starts Post Gains The Wells Fargo National Association of Home Builders Housing Market Index for September posted its highest level of builder confidence in 10 years a higher than expected results with a reading of 64 for October. Analysts expected a reading of 62 based on September's reading of 61. The NAHB Wells Fargo Housing Market Index reading is based…

23

Oct

By Jim Hasek

Market OutlookExisting Home Sales, Lawrence Yun, The National Association of REALTORS

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. August's reading for existing home sales was revised downward from 5.31 million sales. Economists said that August's lower than expected sales of existing homes may have been influenced by volatility in financial markets and concerns over mortgage rates…