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Michael Bock and Theresa NeSmith

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Team Mortgage Mikes August 24, 2020

What’s Ahead For Mortgage Rates This Week – August 24, 2020

Last week’s economic news included readings from Case-Shiller on home prices, the National Association of Home Builders Housing Market Indices, and sales of previously-owned homes. Readings on housing starts and building permits issued were released. Weekly reports on mortgage rates, new and continuing jobless claims were also published.

Filed Under: Financial Reports Tagged With: Case-Shiller, Financial Report, Freddie Mac, Jobless Claims

Team Mortgage Mikes August 17, 2020

What’s Ahead For Mortgage Rates This Week – August 17, 2020

Last week’s scheduled economic news included readings on inflation and retail sales. Weekly reports on mortgage rates and new and continuing jobless claims were also released. In other news, the FHFA announced an increase in fees charged by Fannie Mae and Freddie Mac for home loan refinance transactions.

Filed Under: Financial Reports Tagged With: Financial Report, Inflation, Mortgage Rates

Team Mortgage Mikes August 10, 2020

What’s Ahead For Mortgage Rates This Week – August 10, 2020

Economic readings released last week included construction spending, public and private-sector job growth, and government reports on initial and continuing jobless claims. Freddie Mac also released its weekly report on average mortgage rates.

Filed Under: Financial Reports Tagged With: COVID19, Financial Report, Residential Construction

Team Mortgage Mikes August 3, 2020

What’s Ahead For Mortgage Rates This Week – August 3, 2020

Last week’s economic reports included readings from Case-Shiller Home Price Indices, data on pending home sales, and the consumer sentiment index released by the University of Michigan. The Federal Reserve released a statement from its Federal Open Market Committee and Fed Chair Jerome Powell gave a press conference. Weekly readings on mortgage rates and expanded reports on jobless claims were also released.

Filed Under: Financial Reports Tagged With: Financial Report, Interest Rates, Unemployment

Team Mortgage Mikes July 31, 2020

FOMC Statement: Fed Holds Key Rate Steady as Coronavirus Spreads

Wednesday’s post-meeting statement of the Federal Reserves Federal Open Market Committee reaffirmed its concern over the coronavirus pandemic and its impact on the economy and health of all Americans. The Committee voted to hold its benchmark target federal funds range at 0.00 percent to 0.25 percent. Analysts do not expect the Fed to raise its key interest rate more than once in the next three years.

Filed Under: Financial Reports Tagged With: COVID, Interest Rates, Pandemic

Team Mortgage Mikes July 27, 2020

What’s Ahead For Mortgage Rates This Week – July 27, 2020

Last week’s economic reporting included readings on sales of new and previously owned homes. State and federal data on new and continuing jobless claims were released along with Freddie Mac’s weekly report on mortgage rates.

Sales of New and Existing Homes Rise in June

Sales of new homes rose at their highest rate in 13 years according to the Commerce Department. New homes sold at a seasonally-adjusted annual pace of 776,000 sales, which exceeded the expected reading of 710.000 new single-family homes sold and May’s reading of 682,000 new homes sold. Analysts said that increased interest in relocating to suburban areas and low mortgage rates fueled buyer interest in new homes.

Filed Under: Financial Reports Tagged With: COVID19, Finance, Mortgage Tips, Unemployment

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Theresa NMLS #1996065

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Michael Bock | NMLS #1749855
Theresa Bock | NMLS #1996065
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Bock Mortgage Group LLC. | NMLS# 2504921

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Florida · Clearwater, FL · Pinellas County, FL · Brandon, FL · Pasco, FL · Saint Petersburg, FL · Wesley Chapel, FL · Riverview, FL · Tampa, FL

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