Last week’s scheduled economic news was mixed. Job openings increased and jobless claims increased, and consumer sentiment rose. Mortgage rates fell across the board. Labor market conditions improved and consumer prices fell in large part due to decreasing fuel prices.
What’s Ahead For Mortgage Rates This Week – January 12, 2015
Last week’s economic news was dominated by labor reports and FHA’s announcement that it will lower its mortgage insurance premiums in an effort to make homes more affordable for first-time and moderate income home buyers. Mortgage rates fell last week as employment reports showed strengthening job markets.
FOMC Minutes: Low Inflation Rates Won’t Delay Rate Hikes
The minutes of the Fedâs Federal Open Market Committee (FOMC) indicate that Fed policymakers arenât concerned about low inflation rates as an obstacle to raising the target federal funds rate.
What’s Ahead For Mortgage Rates This Week – January 5, 2015
Case-Shiller reported that home prices hit their lowest pace in two years. According to the Case-Shiller 20-City Home Price Index for October, home prices fell in 10 cities, rose in eight cities and were unchanged in two cities. In other news, pending home sales increased and weekly jobless claims rose.
What’s Ahead For Mortgage Rates This Week – December 29, 2014
Last weekâs economic news included several housing related reports. Housing markets continue to cool as November reports on existing and new home sales fell below expectations. New Jobless claims were lower than expected by 10,000 claims.
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