Mortgage interest rates were mostly flat week over week despite today’s stronger than expected employment report for January. The unemployment rate fell to 8.3% on expectations that it would remain unchanged at 8.5%. Non-farm payrolls increased by 243k on expectations that they would increase by 163k. Private non-farm payrolls increased by 257k on expectations that [...]
Total U.S. foreclosure activity and the U.S. foreclosure rate in 2011 were both at their lowest annual level since 2007, according to RealtyTrac®, an online marketplace for foreclosure properties. The company recently released its Year-End 2011 U.S. Foreclosure Market Report™, which shows a total of 2,698,967 foreclosure filings-default notices, scheduled auctions and bank repossessions-were reported [...]
Mortgage interest rates improved this past week on the Fed’s FOMC Announcement. At the conclusion of its FOMC meeting on Wednesday, the Fed announced that they plan to leave the Fed Funds rate at current levels of 0% to 0.25% through the end of 2014, signaling concern regarding the economic recovery. Previously, the Fed had [...]
Mortgage interest rates increased slightly this past week as economic data was generally either better than expected or in line with expectations. Economic reports stronger than expected included the New York Empire State Manufacturing Index, the NAHB housing market index, and weekly jobless claims. Weekly jobless claims fell by 50k on expectations that they would [...]
Mortgage interest rates improved slightly this week on continued European fears. Friday’s announcement that S&P is set to cut France and Austria’s AAA rating, along with rating cuts to other European sovereigns, rattled markets. The international trade gap in November widened sharply and more than expected to $47.8B, from $43.3B in October. A monthly dip [...]
When it comes to housing, baby boomers are different from many people in two important ways: they have more equity in their homes, and many are preparing to move. If housing experts are right, boomers-the 77 million Americans ages 47 to 65-soon may be a sweet spot in an otherwise sour market for new homes. [...]
Mortgage interest rates were flat on the week despite generally stronger than expected economic data as markets continue to focus onEurope. Today’s December employment report showed that unemployment fell to 8.5%, its lowest level since February 2009. Non-farm payrolls increased by 200k on expectations that they would increase by 150k. Private non-farm payrolls increased by [...]
Mortgage interest rates increased slightly on the week as economic data was generally stronger than expected. Economic reports stronger than expected included November Housing Starts, November Building Permits, November Existing Home Sales, weekly jobless claims, the University of Michigan Consumer Sentiment Index, November Leading Economic Indicators, and November Durable Goods Orders. Weekly jobless claims fell [...]
Mortgage interest rates improved again this past week as markets continue to focus on the European debt crisis. This past weekItalysold five year notes at their highest rate in 14 years. Unemployment inBritainincreased to 8.3% from 7.9% the previous quarter. The European Central Bank purchased bonds fromItalyandSpainafter they agreed to implement austerity measures. Economic data [...]
Mortgage interest rates improved slightly on the week as markets continue to focus onEurope’s debt crisis. The EU Summit concluded yesterday. The region’s leaders boosted a rescue fund and tightened budget rules. The European Central Bank reportedly purchased Spanish and Portuguese government bonds today. Also, the ECB cut its base lending rate by 0.25% to [...]
Copyright © Premier Mortgage Group. All rights reserved. To check license status of your mortgage broker visit
www.nmlsconsumeraccess.org. Loan products are not available outside of Colorado. NMLS Company ID #3001.