by John Evans | Feb 10, 2014 | Mortgage Rates
Residential Construction Spending Up Last week’s mortgage and housing-related reports began with Construction Spending for December, with a reading of 0.10 percent or a seasonally adjusted $930.5 billion. December’s reading fell short of an expected...
by John Evans | Feb 3, 2014 | Mortgage Rates
Last week brought mixed news; while the Department of Commerce reported a dip in new home sales, mortgage rates also fell. The Federal Reserve’s FOMC statement revealed that quantitative easing would be further reduced by an additional $10 billion monthly. New...
by John Evans | Jan 27, 2014 | Mortgage Rates
Last week was an action-packed week for economic news, and all of it was packed into Thursday: Weekly Jobless claims came in at 326,000 which was lower than the expected 330,000 new claims. This week’s claims were higher than the prior week’s 325,000 new...
by John Evans | Jan 20, 2014 | Mortgage Rates
Welcome news arrived last week as lower mortgage rates and a higher number of housing starts were reported. Other economic news was mixed: The Federal Reserve released its Beige Book Report released last Tuesday indicated modest economic growth throughout the 12...
by John Evans | Jan 13, 2014 | Mortgage Rates
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. This was just shy of October’s year-over-year reading of 11.90...
by John Evans | Jan 6, 2014 | Mortgage Rates
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...
