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What’s Ahead For Mortgage Rates This Week – March 21, 2016

March 21, 2016 by Robby Oakes

Shortages of available homes are a major factor in rising home prices; shortages also make it more difficult for buyers to find homes they want. Housing starts in February rose, which is good news for the peak spring and summer home buying season.

Filed Under: Financial Reports Tagged With: Financial Reports, Interest Rates, New Construction

Fed Policymakers Make Interesting Decision on Interest Rates

March 17, 2016 by Robby Oakes

According to a press release by the Federal Reserve, the Federal Open Market Committee (FOMC), the current target federal funds rate will hold steady at 0.25 to 0.50 percent. Committee members cited positive developments in the U.S economy including jobs growth, stronger labor markets and gradually increasing inflation. In addition, stronger housing sector and household spending were also noted as positive signs for the economy. Committee members cited risks associated with global economic and financial developments as a concern.

Filed Under: Financial Reports Tagged With: Financial Reports, FOMC, Interest Rates

What’s Ahead For Mortgage Rates This Week – March 14, 2016

March 14, 2016 by Robby Oakes

Last week’s economic news included Fannie Mae’s Home Purchase Sentiment Index along with weekly reports on mortgage rates and new jobless claims. The City of Detroit also announced a program to help would-be buyers purchase homes that do not qualify for mortgage loans due to severe damage.

Filed Under: Financial Reports Tagged With: Financial Reports, Home Buyer Sentiment, Mortgage Rates

What’s Ahead For Mortgage Rates This Week – March 7, 2016

March 7, 2016 by Robby Oakes

Last week’s scheduled economic news included reports on pending home sales, construction spending and several jobs related readings including ADP Payrolls, the government’s Non-Farm Payrolls and the national unemployment rate.

Filed Under: Financial Reports Tagged With: Interest Rates, Mortgage Rates, Pending Home Sales

What’s Ahead For Mortgage Rates This Week – February 29, 2016

February 29, 2016 by Robby Oakes

Last week’s economic reports included Existing and New Home Sales and Consumer Confidence along with regularly scheduled weekly reports on mortgage rates and new jobless claims.

Filed Under: Financial Reports Tagged With: First Time Home Buyers, Mortgage Rates, Unemployment

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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