Home Mortgage Rates Remain Low

After last week’s Federal Open Market Committee meeting, Fed Chairman Ben Bernanke noted the improving conditions in our economy, but acknowledged that the housing market continues to remain depressed as new home sales remain low for the month of March. New home sales fell 7.1% in March to 328k units on an annual rate, down [...]

Home Mortgage Rates Have Responded

Last week we kept our eye on the direction of a few economic reports that would impact how the market would react. Today we can definitely say that impact was felt in stocks while bonds rallied and home mortgage loan rates responded. Helping bonds was the reports on both the wholesale and consumer levels. The [...]

Inside This Week’s Market News for Week of February 20, 2012

The economic news last week was better than expected. Housing starts were stronger than expected, while both the New York Empire State Index and the Philadelphia Fed Index reported encouraging news on manufacturing. Also a positive was the Weekly Initial Jobless Claims report that fell by 13,000 in the latest week to 348,000. To cap [...]