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What’s Ahead For Mortgage Rates This Week – Feburary 8, 2016

February 8, 2016 by Robby Oakes

Last week’s scheduled economic news included reports on construction spending and several labor-related reports along with weekly reports on mortgage rates and new jobless claims. The details:

Filed Under: Market Outlook Tagged With: Federal Reserve, Freddie Mac, Market Outlook

What’s Ahead For Mortgage Rates This Week – January 18, 2016

January 19, 2016 by Robby Oakes

In addition to weekly reports on mortgage rates and new unemployment claims, last week’s economic news included the Fed’s Beige Book report, retail sales and consumer sentiment. January’s Empire State Index showed an unexpected dip and Consumer Sentiment increased for January.

Filed Under: Market Outlook Tagged With: Beige Book, Federal Reserve, Freddie Mac, Market Outlook

Federal Reserve Raises Short-Term Interest Rates

December 17, 2015 by Robby Oakes

After prolonged speculation by economic analysts and news media, the Federal Open Market Committee of the Federal Reserve raised short-term interest rates for the first time in seven years. Committee members voted to raise the target federal funds rate to a range of 0.25 to 0.50 percent from a range of 0.00 to 0.25 percent to be effective December 17.

Filed Under: Market Outlook Tagged With: Federal Open Market Committee, Federal Reserve, Market Outlook

S&P Case-Shiller: September Home Prices Gain Across U.S.

November 27, 2015 by Robby Oakes

Home prices increased across the S&P Case Shiller 20-City Home Price Index in September. According to the 20-City Home Price Index, Year-over year home price gains increased to 5.50 percent from August’s reading of 5.10 percent. 17 cities posted higher year-over0year price gains in September as compared to August.

Filed Under: Market Outlook Tagged With: 20-City Home Price Index, Case Shiller, Federal Reserve

Case-Shiller Housing Market Index: Home Prices Rise in July

September 30, 2015 by Robby Oakes

U.S. home prices rose by 0.10 percent in July according to the S&P Case-Shiller Housing Market Index. San Francisco, California edged past Denver Colorado with a year-over-year price increase of 10.40 percent as compared to Denver’s reading of 10.30 percent. All year-over-readings for the 20-City Home Price Index posted gains, but Washington, D.C. showed the lowest year-over0-year growth rate at 1.70 percent. Chicago, Illinois and New York City followed closely with year-over-year readings of 1.80 percent and 1.90 percent respectively.

Filed Under: Market Outlook Tagged With: Case Shiller, Federal Reserve, The Federal Housing Finance Agency

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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