What’s Ahead For Mortgage Rates This Week – May 31, 2016
Last week’s economic reports included new home sales, pending home sales along with weekly mortgage rates and new jobless claims.
mortgage rates
Chantilly Real Estate Blog
What’s Ahead For Mortgage Rates This Week – May 23, 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.
NAHB: Home Builder Confidence Holds Steady in May
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. Analysts said that the consistency in readings signified expansion in housing markets. Any reading over 50 indicates that more builders than not are confident about market conditions.
Freddie Mac 30-Year Fixed Rate Mortgage Rates Rises To 3.55%
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.