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Tag Archives: Market Outlook

What’s Ahead For Mortgage Rates This Week – February 16, 2016

February 16, 2016

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Last week’s economic events included weekly releases on new jobless claims, mortgage rates and testimony by Fed Chair Janet Yellen concerning the Federal Reserve’s monetary policy.

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

February 8, 2016

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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:

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What’s Ahead For Mortgage Rates This Week – Feburary 1, 2016

February 1, 2016

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Last week’s economic events included S&P Case-Shiller’s home price indexes, reports on new and pending home sales and the Fed’s FOMC statement. The details:

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FOMC Statement: Fed Holds Steady on Rates

January 29, 2016

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According to statement issued at the conclusion of today’s Federal Open Market Committee meeting, committee members decided against raising the target federal funds rate. Mixed economic conditions, slower economic growth in the 4th quarter and low inflation contributed to the decision against raising rates. The target federal funds rate was raised in December to a range of 0.25 to 1.59 percent after remaining at 0.00 to 0.25 percent for several years. While rising fed rates were expected to cause a hike in mortgage rates, mortgage rates fell after December’s rate hike.

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What’s Ahead For Mortgage Rates This Week – January 25, 2016

January 25, 2016

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Last week’s scheduled economic news included releases from the National Association of Home Builders, Housing Starts, and Existing Home Sales. Weekly reports on new jobless claims and mortgage rates were also released.

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

January 19, 2016

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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.

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

January 11, 2016

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The first week of 2016 was quiet concerning housing and mortgage related news, but reports on construction spending and several labor-related reports were released.

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What’s Ahead For Mortgage Rates This Week – January 04, 2016

January 4, 2016

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2015 said farewell with reports on Case Shiller home prices, pending home sales, and consumer confidence.

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What’s Ahead For Mortgage Rates This Week – December 28, 2015

December 28, 2015

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This week’s report of economic events is shortened due to the Christmas holiday. Economic news through Wednesday included Existing Home Sales, New Home Sales and Consumer Spending.

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Existing Home Sales Dip More Than Expected

December 23, 2015

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November sales of pre-owned homes dipped lower than expected and prior month’s readings according to the National Association of Realtors (NAR). Analysts expected existing home sales to slow to a seasonally-adjusted annual rate of 5.30 million sales, which was based on October’s reading of 5.32 million sales. Instead, November’s reading dropped to 4.76 million sales. November’s drop represented a decline of 10.50 percent drop in existing home sales month-to-month; existing home sales were 3.80 percent lower year-over-year.

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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