by John Evans | Jun 20, 2016 | Mortgage Rates
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...
by John Evans | Jun 16, 2016 | Mortgage Rates
According to its post-meeting statement issued Wednesday, the Federal Open Market Committee of the Federal Reserve voted not to increase its target federal funds rate. The target federal funds rate will remain at 0.250 to 0.50 percent. Based on review of current and...
by John Evans | May 31, 2016 | Mortgage Rates
Last week’s economic reports included new home sales, pending home sales along with weekly mortgage rates and new jobless claims. New Home Sales Surpass Expectations Sales of new homes surpassed expectations and the prior month’s reading. April’s...
by John Evans | May 23, 2016 | Mortgage Rates
Last week’s economic news included the NAHB Housing Market Index, reports on housing starts, building reports and existing home sales. Minutes of the Federal Reserve’s last FOMC meeting were also released. Homebuilder Confidence Unchanged, Housing Starts...
by John Evans | May 16, 2016 | Mortgage Rates
Last week’s economic news included reports on retail sales and consumer sentiment along with weekly releases on new jobless claims and mortgage rates. Retail sales jumped 1.30 percent in April as compared to the March reading of 0.30 percent. Retail sales...
by John Evans | May 9, 2016 | Mortgage Rates
Mortgage rates fell across the board last week according to Freddie Mac’s Primary Mortgage Market Survey. Other economic news included reports on construction spending, public and private sector employment and national unemployment. Construction Spending Grows...
