Category Archive: Home Loan Rates

Jun 20

What’s Ahead For Mortgage Rates This Week – June 20, 2016

Mortgage rates fell after Federal Reserve policymakers decided not to raise the Fed’s target federal funds rate. The Federal Open Market Committee cited ongoing concerns over global financial and economic developments and slow jobs growth as factors in its decision not to raise rates. Fed Chair Janet Yellen emphasized the committee’s decision-making process is not …

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Aug 26

What’s Ahead For Mortgage Rates This Week – August 26, 2013

Last week brought mixed economic news, but Leading Indicators released Thursday suggest that the U.S. economy is growing at a moderate rate. Mortgage rates for fixed rate loans were higher, but the average rate for a 5/1 adjustable rate mortgage was unchanged from the prior week. Weekly jobless claims were also higher. The National Association …

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Aug 12

What’s Ahead For Mortgage Rates This Week of August 12, 2013

Highlights of economic news from last week, include a survey of senior loan officers from U.S. and foreign banks doing business in the U.S. They indicated that banks were gradually easing lending standards for business and consumer loans, but viewed lending criteria for home loans as more restrictive than other types of loans. According to …

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Aug 05

What’s Ahead For Mortgage Rates This Week- August 5, 2013

The past week brought encouraging economic news from several sources. The FOMC statement indicated that the Federal Reserve has not set a date for rolling back its quantitative easing program and ADP reported more private sector jobs added than expected. While weekly jobless claims were fewer than expected, the national unemployment rate remained elevated: Monday: …

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Jul 29

What’s Ahead For Mortgage Rates This Week – July 29th 2013

Last week brought a mixed bag of economic news, but most notably, average mortgage rates fell. New home sales surpassed expectations and consumer sentiment rose for July; these readings among others suggest that the economy continued to improve and that consumer confidence in the economy improved as well. Monday: Existing home sales in June were …

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Jul 22

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

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 …

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