The short holiday week brought a flurry of economic reports last week. Highlights included pending home sales, the S&P Case-Shiller Housing Market Indices and the FHFA home price index. No reports were released on Thursday and Friday in observance of the Thanksgiving holiday.
Last week's positive employment reports were good news for the economy, which typically causes mortgage rates to rise, but mortgage rates ended the week lower.
A quiet week in economic news caused mortgage rates to worsen slightly.
Mortgage rates rose last week nationwide during a week of sparse economic news.
Mortgage markets worsened last week, taking mortgage rates higher. The Federal Open Market Committee meets this week.
Home purchasing power is up 6.6% since the start of the year.
Mortgage markets improved slightly last week. With a dearth of new U.S. economic data due for release, investors turned their collective attention to the Europe, China, and the Middle East. U.S. mortgage rates fell slightly in the holiday-shortened week.
For the first time in 9 weeks, mortgage rates have made new lows.
Mortgage rates rose slightly in last week's holiday-shortened week.
After 4 weeks of increases, mortgage rates finally recede nationwide.
Mortgage rates rose for the third straight week this week. Could this be the end of rock-bottom mortgage rates?
This week, for the first time since mid-June, the 30-year fixed rate mortgage rate climbed on a week-over-week basis, moving 6 basis points to 3.55%, on average.