All posts by George Duarte

What’s Ahead For Mortgage Rates This Week – January 7th, 2019

Last week’s economic reports included Labor Department readings on private and public sector jobs, the national unemployment rate. Weekly readings on mortgage rates and first-time jobless claims were also released. Monthly reporting on construction spending was delayed due to the government shutdown.

What’s Ahead For Mortgage Rates This Week – December 31st, 2018

Last week’s economic reports included readings from Case-Shiller Housing Market Indices, National Association of Realtors(R) on pending home sales and weekly readings on mortgage rates and new jobless claims.

The Commerce Department’s reading on sales of new homes was delayed due to the federal government’s shutdown.

FOMC Raises Key Rate, Forecasts 2 Rate Hikes in 2019

During its post-meeting statement, the Federal Open Market Committee of the Federal Reserve announced that its target range for the Fed’s key interest rate would increase one quarter percent to 2.25 to 2.50 percent. While this rate hike was not expected by the Executive branch, it met analyst expectations.

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