Mortgage Rates Continue To Rise

Mortgage Rates Continue To Rise

Mortgage rates worsened this week alongside continued signs of improvement in the U.S. Economy and turmoil in Europe over the potential of Greece defaulting on their debt, pulling investors in opposite directions.

Several economic indicators showed an improving U.S. Economy this week led by the housing market with both Existing Home Sales and New Home Sales beating expectations. The final revision for 1st quarter GDP was also released this week and showed better than expected consumer spending putting pressure on bond prices as investors become more likely to take on risk in an improving economy. The other side of the equation that has helped support bond prices this week has been the continued Greek debt crisis and the possibility that they may have to leave the Euro. While the possibility of a Greek default has provided some support for bonds, most investors seem to shrug off the chances of a default, focusing more on broad economic improvements as rates continue to rise.

Economic Indicators that met or beat expectations this week included Existing Home Sales at 5.35M versus a 5.25M survey estimate, New Home Sales at 546K versus a 523K survey estimate, Q1 GDP revision at -0.2% as expected, Personal Consumption at 2.1% versus a 1.9% survey estimate, Personal Income/Spending at +0.5%/+0.9% versus a +0.5%/+0.7% estimate, and Initial Jobless Claims at 271K versus a 273K estimate. Economic Indicators that missed expectations included Durable Goods Orders at -1.8% versus a -1.0% estimate and the FHFA Housing Price Index at +0.3% versus a +0.5% estimate.

Mike Farkas

Exp Realty Broker Owner
1106 Harris Ave Suite 104
Bellingham, WA 98225
Cell Phone: (360) 393-0622 call or text!
mike@greatlifeteam.com

www.
GreatLifeTeam.com

Proud Veteran: United States Air Force












Bellingham, blaine, ferndale, lynden, mount vernon, burlington, birch bay Washington Real Estate - Chris Farkas Real Estate, Bellingham Homes, Bellingham Homes For Sale, Bellingham Real Estate, Search Bellingham Real Estate and homes for sale on our complete Bellingham WA real estate website. Find local Bellingham homes and condos for sale in all Bellingham neighborhoods and Search by mls number, address, price, neighborhoods and property map for Bellingham, WA Whatcom County, 
, bellingham realtor, bellingham mortgage, bellingham interest rates


Tamara Grunhurd Headshot
Author:
Phone: 360-305-8768
Dated: June 27th 2015
Views: 234
About Tamara: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Washington
1106 Harris Ave Suite 104
Bellingham, WA
425-728-7288