ARCHIVED BLOG POSTS
2016
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 ExpectationsSales of new homes surpassed expectations and the prior month's reading. April's reading of 619,000 sales exceeded expectations of 5...
05/30/2016
An adjustable-rate mortgage was once a great mortgage product, at a time when home buyers wanted to avoid locking in high interest rates. But with historically low interest rates now available to millions of buyers and rates expected to rise in 2017, lots of mortgage holders are trying to find a ...
05/24/2016
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 and Building Permits IncreaseThe National ...
05/22/2016
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05/19/2016
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05/19/2016
The National Association of Home Builders reported that home builder confidence in the U.S. housing market conditions held steady for the fourth consecutive month in May. Builder confidence stayed at a reading of 58, which was the number expected by analysts and was also the reading for April. An...
05/18/2016
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 excluding the automotive sector rose from ...
05/16/2016
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 in MarchThe Commerce Department repo...
05/09/2016
Last week's economic news included Case-Shiller Home Price Indices, along with new and pending home sales readings. The Federal Open Market Committee of the Federal Reserve met analyst's expectations and did not raise the target federal funds rate, which remains at 0.25 to 0.50 percent. Freddie M...
05/02/2016
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Bob Elliot
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