Hot Housing Market, Strong Durable Goods = Rake Hike Coming Soon The market for both previously owned homes and newly built homes saw their best activity in years. Improved labor market conditions and low mortgage rates are a great combination to support a very active housing market.
[Mortgage Minute] Week of May 2, 2016
Soft Fed Statement Helps Rates The big event last week was Wednesday’s Fed meeting. A dovish Fed statement was positive for mortgage rates. The additional economic data released over the past week closely matched expectations, so it had little impact. Mortgage rates ended the week slightly lower.