Job Claims, Factory Data Suggest Recovery Picking Up Steam:
Government reports on weekly jobless claims, manufacturing activity and inflation offered fresh evidence the U.S. economic recovery is picking up steam.
New U.S. claims for unemployment benefits dropped to a 3 1/2 year low last week, a government report showed on Thursday, suggesting [...]
Housing Industry Rebound:
After half a decade of withering sales and slumping prices, there are strong and diverse signs that the single-family housing market is poised for a rebound.
In some metropolitan areas, the market has bottomed, with both sales and prices on the rise and foreclosures on the decline.
This [...]
I know, how could the end of the NBA lockout help housing in Utah? According to UtahBusiness.com each Jazz home game brings about $1 million dollars to the state. Business during a home game increases by about 20% according to one downtown business. Eager fans gather to eat, shop, and [...]
After seeing mortgage bonds remain within a tight trading window last week we could start to see some direction, whether positive or negative, will depend largely on the reports coming as this will be a busy week with continued quarterly earnings reports, the Case Schiller index, Consumer Confidence, GDP, Pending Home Sales, New [...]
The minutes from the Federal Reserves FOMC meeting were released today. These minutes give a more in depth review and assessment of the economic climate than we got from the press release that took place right after their meeting in June. Here are a few of the key points:
The information reviewed at [...]
Friday’s jobs report showed far fewer jobs were created in June than anticipated. This brought the bull for the bond market. After slumping through most of the week, mortgage rates improved Friday and markets are better this morning. The FNMA 4.0% bond ended the week up .94, at $100.19.
For the week, the [...]
With yesterday being the first official day of summer it is time to pull of your grill cover and give it some love. Summer isn’t summer without the smell of hamburgers, brats, and hot dogs for the kiddos.
We’ve used our grill a few times this spring; however I was having problems with [...]
As we talked about on Monday the Federal Open Market Committee adjourned their two day meeting today and outlined their latest observations on the economy and what they are doing to keep things chugging along.
Here are a few key remarks as they relate to mortgage rates and Utah home buyers
“Information received since [...]
Last week ended an eight week run of improving mortgage rates. The Freddie Mac mortgage market survey showed the average 30 year fixed rate ticked up to 4.5% from 4.49% the week before. Of note is the spread between the 30 year fixed rate and the 15 year fixed rate at [...]
Mortgage rates have dropped 8 weeks in a row. Not even last year’s Refi Boom produced an 8-week winning streak. This season’s streak is historic.
Tags
Ben Bernanke Building Permits Case-Shiller Index Census Bureau Eurozone Existing Home Sales Existing Home Supply Federal Reserve Fed Funds Rate Fed Minutes FHA FHFA FOMC Foreclosures Foreclosures,RealtyTrac Freddie Mac Greece HMI Home Affordability Home Price Index Home Supply Home Values Housing Market Index Housing Starts HPI IMI Improving Market Index Inflation Jobs Jobs Report Mortgage Rates NAHB NAR New Home Sales New Home Supply Non-Farm Payrolls Pending Home Sales Pending Home Sales Index PHSI PMMS QE3 RealtyTrac Spain The Today Show Unemployment Rate





