by John Evans | Feb 24, 2014 | Mortgage Rates
Last week’s economic data supported recent reports indicating that housing markets are slowing, The National Association of Home builders/Wells Fargo Home Builders Index (HBI) dropped by 10 points to a reading of 46 for February. Home builder confidence dropped...
by John Evans | Feb 18, 2014 | Mortgage Rates
Last week’s economic news was dominated by the first address by the new Fed chairperson, Janet Yellen. Tuesday’s news included the Jobs Openings report for December 2013, which matched November’s reading of 4.0 million jobs available. This...
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...
