17
Nov
By Jim Hasek
Chapter 7 Bankruptcy, ,

What’s Ahead For Mortgage Rates This Week – November 17, 2014

Last week's housing related news was lean, with no scheduled reports released other than Freddie Mac's primary mortgage market survey. We'll start with some good news. The University of Michigan / Thompson-Reuters Consumer Sentiment Index reported its highest reading in more than seven years. November's reading of 89.4 surpassed the expected reading of 88.0 and was higher than October's reading of 86.9 Mortgage Rates Near 4.00 Percent, Weekly Jobless Claims Up Freddie Mac reported a one-basis point drop in the average rate for 30-year fixed rate mortgage from 4.02 percent to 4.01 percent; the average rate for a 15-year fixed…
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22
Sep
By Jim Hasek
Market Outlook, ,

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 asset purchases. The Fed seeks to achieve and sustain its dual mandate of maximum employment and an inflation rate of 2.00 percent. While…
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