Catch up with this Week’s Housing Markets in a Minute!

Source:  Acopia Home Loans

  

For the Week Ending March 25, 2016
 

  


The labor market continues to show strength, with jobless claims remaining below 300,000 for the 55th week. A tight labor market supports a Fed policy rate hike.

The strong labor market and signs of possible inflation have Fed members talking of increasing rates. Some speculate there could be a move as soon as April.

Oil is now less of a factor in mortgage rates, as prices hover around $40 a barrel. Expect speculation of a Fed rate hike to be more of a factor moving forward.

Even though existing home sales were down in February, demand remains high. Tight inventory has been blamed, along with weather also being named a factor.

New home sales were up in February, led by single-family home sales. Housing market fundamentals remain strong, supported by historically low mortgage rates.

Home prices continue to increase across the country. The Federal Housing Finance Agency's Home Price Index has risen for the second straight month.

 

 

Did you hear about the lady whose house was infested with Easter eggs?

She had to call an eggs-terminator!


Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.

 

This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach me at 888-288-1765, or visit my Web site. As your resource for information on new or resale homes throughout the Treasure Coast, please be sure to contact me about any home you may find on the Web, yard sign or ad and I will research the property, arrange showings and handle all the details.