16Dec2014 Home Builder Index Stays Near Nine Year Peak CBC National Bank Housing Market 0 Comment Home Builder Sentiment slipped to a reading of 57 in December according to the National Association of Home Builders Housing Market Index. November’s reading of 58 prompted analysts to project a reading of 59 for December. The latest reading marks the sixth consecutive month for readings above 50.
15Dec2014 What’s Ahead For Mortgage Rates This Week – December 15, 2014 CBC National Bank Market Outlook 0 Comment Although there were few scheduled economic events related to mortgages and housing, last week brought an article about housing projections for 2015. Other news included increased job openings along with lower than expected jobless claims and higher mortgage rates.
08Dec2014 What’s Ahead For Mortgage Rates This Week – December 8, 2014 CBC National Bank Market Outlook 0 Comment Last week’s economic reports related to housing and mortgages were few, but construction spending, the Fed’s Beige Book report, non-farm payrolls and the national unemployment report indicated trends for the end of the year.
24Nov2014 What’s Ahead For Mortgage Rates This Week – November 24, 2014 CBC National Bank Market Outlook 0 Comment Last week’s scheduled economic news included the NAHB/Wells Fargo Housing Market Index, Housing Starts and Existing Home Sales. FOMC meeting minutes were released along with weekly Freddie Mac mortgage rates and weekly jobless claims.
20Nov2014 FOMC Minutes: Economy Growing, Housing Lags CBC National Bank Market Outlook 0 Comment Minutes of the Federal Open Market Committee (FOMC) meeting held October 28 and 29 were released Wednesday. The report suggests that the U.S. economy continues to improve, although the annual inflation rate remains near 1.50 percent and short of the committee’s goal of 2.00 percent.
06Oct2014 What’s Ahead For Mortgage Rates This Week – October 6, 2014 CBC National Bank Market Outlook 0 Comment Last week’s economic news included multiple reports on housing and the labor sector. The good news is that job markets appear to be stronger, with new jobless claims and the national unemployment rate lower.
01Oct2014 Case-Shiller: July Home Prices Cool Across U.S. CBC National Bank Market Outlook 0 Comment The stifling heat of July did not penetrate U.S. housing markets according to the S&P Case-Shiller 10-and 20 City Home Price Index reports.
29Sep2014 What’s Ahead For Mortgage Rates This Week – Sept 29, 2014 CBC National Bank Market Outlook 0 Comment Last week’s economic news included several housing-related reports that provided mixed results with lower than expected sales of previously owned homes and higher than expected sales of new homes.
24Sep2014 National Association of Realtors, Existing Home Sales Slip in August CBC National Bank Market Outlook 48 Comments Sales of previously owned homes fell in August according to the National Association of REALTORS. This was the first decline in sales in five months. Although not welcome news to homeowners and real estate pros, there is good news…
19Sep2014 Federal Open Market Committee, Fed Chair: No Rush to Raise Rates CBC National Bank Market Outlook 0 Comment Wednesday’s customary post-meeting statement issued by the Federal Open Market Committee (FOMC) of the Federal Reserve provided some relief to investors and analysts concerned that the Fed may soon raise its target federal funds rate.