Mortgage Rates

What’s Ahead For Mortgage Rates This Week – January 20, 2014
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What’s Ahead For Mortgage Rates This Week – January 20, 2014

Welcome news arrived last week as lower mortgage rates and a higher number of housing starts were reported. Other economic news was mixed.

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What’s Ahead For Mortgage Rates This Week – January 13, 2014
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What’s Ahead For Mortgage Rates This Week – January 13, 2014

The first post-holiday week of 2014 brought mixed economic and housing-related news. CoreLogic reported via its Housing Market Index that November home prices grew by 11.80 percent year-over-year.

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What’s Ahead For Mortgage Rates This Week – January 6, 2014
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What’s Ahead For Mortgage Rates This Week – January 6, 2014

The last week of 2013 brought relatively good news in view of the economic roller coaster rides caused by legislative impasse. A brief shutdown of federal government agencies, and nail-biting suspense over if and when the FOMC of the Federal Reserve would taper its quantitative easing program.

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What’s Ahead For Mortgage Rates This Week – December 30, 2013
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What’s Ahead For Mortgage Rates This Week – December 30, 2013

The University of Michigan’s Consumer Sentiment Index was improved for December at 82.5, after the November reading was adjusted from 82.5 to 75. Analysts noted that consumers were relieved when legislative gridlock ended.

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What’s Ahead For Mortgage Rates This Week – December 23, 2013
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What’s Ahead For Mortgage Rates This Week – December 23, 2013

According to December’s NAHB/Wells Fargo Housing Market Index, home builder confidence rose by four points to a reading of 58; this surpassed the consensus of 56 and November’s reading of 56.

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What’s Ahead For Mortgage Rates This Week – December 16, 2013
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What’s Ahead For Mortgage Rates This Week – December 16, 2013

Mortgage Debt Rises For First Time Since Recession

Last week was relatively quiet concerning scheduled housing-related news, but the Federal Reserve’s financial accounts report, released on Monday, indicated that mortgage debt in the U.S. had increased for the first time since the first quarter (Q1) of 2008.

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Why Should My Clients Lock In Their Interest Rates
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Why Should My Clients Lock In Their Interest Rates

Interest rates fluctuate frequently, often depending on the news. If you are considering refinancing your home, your loan officer may suggest locking in the interest rate on your loan.

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What’s Ahead For Mortgage Rates This Week – December 9, 2013
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What’s Ahead For Mortgage Rates This Week – December 9, 2013

Last week brought several indicators of a strengthening economy. New home sales, private and federal employment and mortgage rates rose.

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What’s Ahead For Mortgage Rates This Week – December 2, 2013
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What’s Ahead For Mortgage Rates This Week – December 2, 2013

The short holiday week brought a flurry of economic reports last week. Highlights included pending home sales, the S&P Case-Shiller Housing Market Indices and the FHFA home price index. No reports were released on Thursday and Friday in observance of the Thanksgiving holiday.

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What’s Ahead For Mortgage Rates This Week – November 25, 2013
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What’s Ahead For Mortgage Rates This Week – November 25, 2013

Last week’s scheduled economic news was varied, but mortgage rates fell and jobless claims were significantly lower than expected. The minutes for last month’s FOMC meeting were released, and confirmed the Federal Reserve’s intention to leave its quantitative easing program unchanged at least for the near term.

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