Mortgage Home Loans by Sean Young

Colorado Home Loans | NMLS: 191647

  • Contact
    • Contact Sean
    • About New American Funding
    • About Sean
  • Loan Programs
    • FHA Home Loans
      • FHA Home Loans
    • VA Home Loans
      • VA Funding Fee Table
      • VA Home Loans
    • Metro Mortgage Assistance Plus
  • Testimonials
  • Apply Now
  • Blog
  • Metro Mortgage Assistance Plus
  • RealtorĀ® Resources
    • Agent Mastermind Webinars
  • Mortgage Info
    • Mortgage Calculator
    • Closing Costs
    • Document Checklist
    • Home Appraisal
    • Home Inspection
    • Interest Rates
    • Loan Process
    • Mortgage FAQ
    • Mortgage Glossary

What’s Ahead For Mortgage Rates This Week – August 17, 2015

August 17, 2015 by Sean Young

What's Ahead For Mortgage Rates This Week August 17 2015Last week’s economic reports related to housing were few and far between other than weekly reports on new jobless claims and Freddie Mac’s mortgage rates survey.

Mortgage Rates Mixed, Jobless Claims Up

Freddie Mac reported that average mortgage rates rose for fixed rate mortgages and dropped for 5/1 adjustable rate mortgages. The average rate for a 30-year fixed rate mortgage rose by three basis points to 3.94 percent. The rate for a 15-year fixed rate mortgage rose by four basis points to 3.17 percent. The average rate for a 5/1 adjustable rate mortgage fell by two basis points to 2.93 percent. Discount points were unchanged at 0.60 percent for fixed rate mortgages and rose from 0.40 percent to 0.50 percent for 5/1 adjustable rate mortgages.

Jobless claims rose to 274,000 last week from the prior week’s reading of 269,000 new jobless claims filed. Analysts expected a reading of 270,000 new jobless claims. New claims were lower by 1750 claims for the past month at a seasonally adjusted rate of 266,250 new jobless claims. This was the lowest level since April of 2000. Analysts consider the four week average a less volatile reading for new jobless claims than weekly readings, which fluctuate more due to transitory influences.

What’s Ahead

Next week’s scheduled reports include several releases related to housing. Expected releases include: the National Association of Homebuilders Housing Market Index, Commerce Department reports on Housing Starts and Building Permits and the National Association of Realtors® report on sales of previously owned homes.

Sean Young

Sean has been a Mortgage Loan Officer in the great State of Colorado for the last 25 years, a nationally recognized real estate blogger who loves teaching Social Media, Real Estate Technology, and Continuing Education classes. Sean provides weekly Real Estate Agent Tuesday Webinars that give the latest marketing strategies and tips on how to grow, build, and increase your visibility, credibility, and brand as a Real Estate Agent. Looking for a Home Loan? Sean and his team can provide you with the expertise, professionalism, and customer service that will ensure that your transaction goes smoothly.

Filed Under: Market Outlook Tagged With: Freddie Mac, Jobless Claims, National Assoication of Realtors

Sean Young Loan Officer
Click Here
to Apply Now →

Get a Rate Quote →

Five Star Mortgage Professional
VAREP
Top Mortgage Broker in Denver

Connect with Me!

Mortgage-Backed Securities & Treasuries - Click Below for More Information

Loan Program of the Month

Visit Sean's profile on Pinterest.
Sean Young

Browse Articles by Category

Search for a specific subject

Recent Articles

  • The Top Reasons To Downsize When You Retire
  • The Top Tips To Remember When Moving
  • Call in the Pros: 4 Ways That Using a Mortgage Professional Will Save You a Lot of Money
  • The Type of Home You Want to Buy Determines Your Closing Cost and Here’s Why
Equal Housing LendingNMLS Consumer Access


DORA

Our Location


5299 DTC Blvd Suite 300
Greenwood Village, CO 80111

Copyright © 2022 · Powered by MySMARTblog