Market Outlook

Case-Shiller: Home Price Growth Slows in March

Case-Shiller Indices reported slower home price growth in March with a 3.70 percent gain year-over-year as compared to 3.90 percent home price growth for the year-over-year period in 2018. This was the slowest pace of home price growth in seven years.

By |2019-05-29T12:40:10-04:00May 29th, 2019|Market Outlook|Comments Off on Case-Shiller: Home Price Growth Slows in March

FOMC Statement: No Changes to Key Fed Rate

The meeting of the Federal Reserve's Federal Open Market Committee ended Wednesday with the Committee's customary post-meeting statement recapping monetary policy matters considered by the Committee. Members voted not to change the current target rate range of the federal funds rate. The current rate range of 2.25 percent to 2.50 percent.

By |2019-05-02T12:40:08-04:00May 2nd, 2019|Market Outlook|Comments Off on FOMC Statement: No Changes to Key Fed Rate

NAHB: Home Builder Confidence Rises in April

Home builder confidence increased in April to an index reading of 63, which was one point higher than for March and the highest reading in six months. Analysts said that April's reading revealed more about housing market conditions in the past six months than it was an indicator of future market conditions.

By |2019-04-18T12:40:09-04:00April 18th, 2019|Market Outlook|Comments Off on NAHB: Home Builder Confidence Rises in April

What’s Ahead For Mortgage Rates This Week – February 5th, 2018

Last week's economic releases included readings on pending home sales, Case-Shiller Home Price Indices and construction spending. The Federal Open Market Committee of the Federal Reserve released its monthly statement and weekly readings on mortgage rates and new jobless claims were released. Last week's economic readings wrapped with a report on consumer confidence.

By |2018-02-05T13:40:08-05:00February 5th, 2018|Market Outlook|Comments Off on What’s Ahead For Mortgage Rates This Week – February 5th, 2018

FOMC Statement: Fed Holds Steady on Rates

According to statement issued at the conclusion of today's Federal Open Market Committee meeting, committee members decided against raising the target federal funds rate. Mixed economic conditions, slower economic growth in the 4th quarter and low inflation contributed to the decision against raising rates. The target federal funds rate was raised in December to a range of 0.25 to 1.59 percent after remaining at 0.00 to 0.25 percent for several years. While rising fed rates were expected to cause a hike in mortgage rates, mortgage rates fell after December's rate hike.

By |2017-08-10T02:04:38-04:00January 29th, 2016|Market Outlook|Comments Off on FOMC Statement: Fed Holds Steady on Rates

Home Builders Remain Confident in January

Home builders maintained December's confidence level according to the National Association of Home Builders (NAHB) Housing Market Index for January. The latest reading of 60 mirrored December's reading, but was two points lower than expected. Readings of more than 50 indicate that more builders were confident about housing conditions than those who were not.

By |2017-08-10T02:04:49-04:00January 20th, 2016|Market Outlook|Comments Off on Home Builders Remain Confident in January
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