Housing Market Archives | Sammamish Mortgage

What’s Ahead For Mortgage Rates This Week – Aug 25, 2014

Last week's economic news brought several reports related to housing. The National Association of Home Builders (NAHB) Wells Fargo Housing Market Index for August rose by two points to 55, which was its highest reading in seven months.

Mortgage Rates This Week – May 5, 2014

Last week's economic news included several reports related to housing and mortgages. The NAR started the week on a positive note with its Pending Home Sales Index released Monday. Pending home sales in March were higher with an unexpected increase of 3.40 percent over February for an index reading of 97.40.

Buyer’s Hoping For Inventory

After three consecutive months of decline, the S and P Case-Shiller 20-City Composite Index remained nearly unchanged in February. Year-over-year home prices rose by 12.90 percent in February as compared to 13.20 percent in January.

Want To Get The Full Selling Price For Your Home? Here’s How

When it comes to selling your home and getting the full selling price you want, there are certain tactics and methods you can employ to ensure that this wish becomes a reality.

S & P Case-Shiller Shows Home Prices Down For Third Consecutive Month

Harsh winter weather conditions contributed to home prices falling in January.

FOMC Statement Shows “Moderate” Economic Growth

March 25, 2014
Michael Shane
The Economy

The Federal Reserve's Federal Open Market Committee met last week and Janet Yellen held her first press conference as Fed chair. According to the FOMC statement released after the meeting, the Fed cited severe winter weather conditions as a reason for slow economic growth in recent months.

NAHB Housing Market Index Ticks Upward

Spring is almost here, and the National Association of Home Builders Housing Market Index (NAHB HMI) thawed slightly in March.

Mortgage Rates This Week

Last week's economic news came from a variety of sources. Most significant was the Fed's Federal Open Market Committee statement after its meeting ended Wednesday. The statement indicated that the Fed saw moderate economic growth. FOMC did not taper its purchase of MBS and Treasury securities.The FOMC statement announced the committee's intention to closely monitor economic and financial developments "in the coming months," which suggested that the FOMC is taking a wait-and-see position on reducing its $85 billion monthly asset purchases.

Mortgage Rates This Week

Federal government agencies issued reports that were delayed by the government shutdown; and Freddie Mac reported that average mortgage rates fell for all types of loans it reports. The National Association of REALTORS issued its Existing Home Sales report on Monday. While 5.30 million home sales were expected an annual basis, September's reading fell short at 5.29 million sales.August's reading was adjusted from an original reading of 5.48 million, which equaled July's reading. Higher mortgage rates and home prices were cited as contributing to the slip in September's sales.

Existing Home Sales Highest In 6 Years

September 24, 2013
Michael Shane
Housing Analysis

Sales of existing homes reached their highest volume in almost six years in August. The National Association of REALTORS reported Thursday that sales of existing homes rose 1.70 percent in August to a seasonally-adjusted annual rate of 5.48 million existing homes sold.