Ed Currie’s 2021 Interest Rate Forecast

2021-01-13T17:26:40-05:00Market Outlook|

This time last year, we are all talking about a virus out of China and the Dems trying to remove President Trump from office. Fast forward a year and, well, we’re still talking about the same thing. But, a lot has happened in between! My mortgage rate forecast last year was to have rates fall

Case-Shiller: February Home Prices Gained Before Coronavirus Outbreak

2020-04-30T12:40:48-04:00Market Outlook|

Home prices continued to grow in February according to the Case-Shiller Home Price Indices. National home prices grew at a seasonally-adjusted annual pace of 4.20 percent as compared to national home price growth of 3.90 percent in January. Case-Shiller's 20-City Home Price Index showed higher home price growth rates in February with average annual home price growth of 3.50 percent. January home prices grew by 3.10 percent for cities included in the 20-City Index.

NAHB: Home Builder Confidence Near 1999 High

2020-02-20T13:40:17-05:00Market Outlook|

The National Association of Home Builders reported a housing market index reading of 74 in February; the index reading was one point lower than for January and was only two points below the highest reading of 76 reported in December. Readings over 50 indicate that most builders consider housing market conditions to be positive.

Case-Shiller Reports Growth In Home Prices In November

2020-01-29T13:40:10-05:00Market Outlook|

Case-Shiller Home Price Indices reported that national growth of home prices rose by 0.30 percent in November. Analysts said that slim inventories of available homes boosted home prices. Whether or not home price growth continues gaining speed depends on variables including supplies of homes for sale, affordability and home-buyer confidence in the economy.

Ed Currie’s Interest Rate Forecast for 2020

2020-01-13T20:47:55-05:00Financial Reports, Market Outlook, Real Estate|

The “experts” really whiffed on their interest rate forecasts for 2019. Most experts predicted the Federal Reserve would raise rates 2-4 times and mortgage rates would increase to as high as 5.50%. As it turned out, the Fed cut rates three times and the 30-year fixed ended the year at 3.75%. So what will happen

FOMC Statement: Fed Holds Steady On Its Interest Rate Range

2019-12-12T13:40:10-05:00Market Outlook|

The Federal Open Market Committee of the Federal Reserve announced its unanimous decision not to change to the current target federal funds range of 1.50 to 1.75 percent. The committee's customary post-meeting statement said the decision not to change the Fed's target range for federal funds was based on factors including a strong labor market, moderate economic growth, continued job growth, and low unemployment.

Case-Shiller: Home Prices Growth Slows in March

2019-08-01T12:40:18-04:00Market Outlook|

Home price growth slowed again in May according to Case-Shiller home price indices. Home price growth slowed for the 14th consecutive month to its lowest rate in 12 years. Case-Shiller's National Home Price Index showed 3.40 percent growth year-over-year in May as compared to April's year-over-year reading of 3.50 percent.

NAHB: Housing Market Index Rises 1 Point in July

2019-07-17T12:40:10-04:00Market Outlook|

Home Builder sentiment rose one point in July according to the National Association of Home Builders Housing Market Index. 2019 builder confidence in housing market condition continued to fall short of 2018 levels. July's Housing Market Index reading of 65 was one point higher than June's reading.

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