22 Jul 2013
By Fred Gruber

What’s Ahead For Mortgage Rates This Week – July 22, 2013

Housing Analysis , ,
Last week's economic news was a mixed bag with retail sales and housing starts coming in lower than expected, but home builder confidence in housing markets increased. Weekly jobless claims fell, and Fed Chair Ben Bernanke testified before the Senate, saying that falling gold prices were an indication of increasing confidence in the economy, but that it was "way too soon" to say when the Fed's quantitative easing program would be reduced. Monday: Retail sales for June came in lower than expected at 0.4 percent. Economists estimated a reading of 0.9 percent based on May's reading of 0.5 percent. Tuesday:…
Read More
10 Jun 2013
By Fred Gruber

What’s Ahead For Mortgage Rates This Week — June 10, 2013

Housing Analysis , ,
Last week's economic reports provided a mixed bag of results. On Monday, the Department of Commerce reported that construction spending increased by 0.40 percent in April and fell shy of the expected reading of 1.0 percent, but exceeded the March reading of -0.80 percent. Home Prices Increase Fastest Since 2006 On Tuesday, CoreLogic released its Home Prices reported that the national average home price had increased by 12.10 percent year-over-year in April. The comparable year-over-year reading for April 2012 was 11.00 percent. This represents the fastest pace of home price increases since 2006. The national average home price expanded by…
Read More