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What’s Ahead For Mortgage Rates This Week – June 6, 2016

June 6, 2016

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Last week’s housing related news was limited to Construction Spending and Freddie Mac’s mortgage rates survey, but labor reports suggested an economic slowdown may be in the works.

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What’s Ahead For Mortgage Rates This Week – June 6, 2016

June 6, 2016

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Last week’s housing related news was limited to Construction Spending and Freddie Mac’s mortgage rates survey, but labor reports suggested an economic slowdown may be in the works.

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Case-Shiller: Home Price Growth Expands to All Metro Areas

June 2, 2016

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March home prices were again dominated by the Northwest with Portland, Oregon posting a year-over-year gain of 12.30 percent followed by Seattle, Washington’s year-over-year gain of 10.80 percent.

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Existing Home Sales Jump, Builder Confidence Holds Steady

April 22, 2016

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Home buyers kicked the spring home shopping season into gear and boosted sales of pre-owned homes in March.

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

April 18, 2016

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Last week’s scheduled economic releases included reports on retail sales, inflation and the Federal Reserve’s Beige Book report. Weekly reports on mortgage rates and new jobless claims were also released.

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What’s Ahead For Mortgage Rates This Week – April 11, 2016

April 11, 2016

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Last week’s economic news included minutes of the most recent Federal Open Market Committee (FOMC) meeting. Weekly reports on mortgage rates and new jobless claims were also released.

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What’s Ahead For Mortgage Rates This Week – April 4, 2016

April 4, 2016

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Last week’s economic calendar was full of new releases including pending home sales, Case-Shiller Home Price Indices and construction spending. Labor related reports including ADP payrolls, federal Non-farm payrolls, and the national unemployment rate were also released along with reports on consumer confidence and weekly reports on mortgage rates and new unemployment claims.

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Case-Shiller Report Shows Home Prices Rose in January

March 30, 2016

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Home prices were 5.70 percent higher year-over-year in January according to S&P Case-Shiller’s 20-City Home Price Index. Top year-over-year gains were posted by Portland, Oregon at 11.80 percent, San Francisco, California at 10.80 percent and Seattle Washington posted a year-over-year gain of 10.70 percent.

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What’s Ahead For Mortgage Rates This Week – March 28, 2016

March 28, 2016

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New home rose in February according to the Commerce Department. Based on a revised reading of 502,000 new home sales in January, February’s reading was 2.00 percent higher than January’s reading, but was 6.10 percent lower than for February 2015.

Builders have held back on increasing construction due to concerns about ups and downs in the economic recovery. Short supplies of labor and available land have also kept home builders from meeting current demand.

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

March 21, 2016

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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.

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Chris Brown
Chris Brown is the premier expert on HARP loans and Government FHA and VA loans. Please visit The Mortgage Chili Blog