Last week’s economic news was largely positive as both new and existing home sales beat expectations. The Federal Housing Finance Agency reported that home price growth held steady in May, while weekly jobless claims edged up, but were lower than expected.
What’s Ahead For Mortgage Rates This Week – June 22, 2015
Last week’s economic news included National Association of Home Builders / Wells Fargo (NAHB) Housing Market Index and Commerce Department reports on Housing Starts and Building Permits, the post-meeting statement of the Fed’s Federal Open Market Committee (FOMC), and Fed Chair Janet Yellen’s scheduled press conference.
Federal Reserve: No Change on Target Fed Funds Rate
The Federal Open Market Committee (FOMC) of the Federal Reserve did not move to increase the Fed’s target federal funds rate, which is currently 0.00 to 0.250 percent. Although the committee acknowledged further progress toward…
What’s Ahead For Mortgage Rates This Week – June 15, 2015
Retail sales rose for the third consecutive month. May sales increased at a seasonally adjusted rate of 1.20 percent according to Commerce Department data.
What’s Ahead For Mortgage Rates This Week – June 8, 2015
Last week’s economic news included reports on construction spending, Freddie Mac’s mortgage rates survey and several employment related reports.
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