Last week's scheduled economic news included the NAHB/Wells Fargo Housing Market Index, Housing Starts and Existing Home Sales. FOMC meeting minutes were released along with weekly Freddie Mac … [Read more...]
What’s Ahead For Mortgage Rates This Week – October 14, 2014
Mortgage Rates and Jobless Claims Fall Freddie Mac's Primary Mortgage Market Survey reported that average mortgage rates fell last week. The average rate for a 30-year fixed rate mortgage dropped by … [Read more...]
Mortgage Rates This Week – Sept 29, 2014
Mortgage Rates Mixed Freddie Mac reported mixed readings for average mortgage rates last week. The average rate for a 30-year fixed rate mortgage dropped three basis points to 4.20 percent. 15 year … [Read more...]
What’s Ahead For Mortgage Rates This Week – Sept 15, 2014
Last week's housing related economic reports were slim, but an unexpected increase in weekly jobless claims gained attention. Analysts calmed concerns by noting that last week's reading of 315,000 new … [Read more...]
What’s Ahead For Mortgage Rates This Week – Sept 8, 2014
Last week's housing-related economic news was slim, likely due to the Labor Day holiday on Monday. On Tuesday, the U.S. Commerce Department reported that construction spending for July increased by … [Read more...]
Mortgage Rates Will Probably Rise if Congress Overhauls Fannie Mae and Freddie Mac
The Wall Street Journal reports that mortgage rates are expected to rise if congress passes legislation to reform Fannie Mae and Freddie Mac. You may be keeping up with news about congressional … [Read more...]
Mortgage Lending System May Become More Like a Public Utility
The New York Times reports that Representative Maxine Waters submitted a proposal for winding down Fannie Mae and Freddie Mac. This is not the first proposal submitted attempting to overhaul the … [Read more...]
