What’s Ahead For Mortgage Rates This Week – February 5th, 2018

Topics: Market Outlook

Last week’s economic releases included readings on pending home sales, Case-Shiller Home Price Indices and construction spending. The Federal Open Market Committee of the Federal Reserve released its monthly statement and weekly readings on mortgage rates and new jobless claims were released. Last week’s economic readings wrapped with a report on consumer confidence.

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High Rent Driving More People to Invest in Real Estate

Topics: Agent News, Community News, Home Buyer Tips, Home Mortgage Tips, Housing Market, Market Outlook, Omaha Market Update

Rent prices in Omaha have been creeping up in price for a long time. This trend, along with lower home prices and lower mortgage rates, has been driving more and more Omaha residents to purchase homes instead of renting. The real estate market in Omaha is thriving right now; low inventory and a surplus of buyers means […]

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FOMC Statement: Fed Holds Steady on Rates

Topics: Market Outlook

According to statement issued at the conclusion of today’s Federal Open Market Committee meeting, committee members decided against raising the target federal funds rate. Mixed economic conditions, slower economic growth in the 4th quarter and low inflation contributed to the decision against raising rates. The target federal funds rate was raised in December to a range of 0.25 to 1.59 percent after remaining at 0.00 to 0.25 percent for several years. While rising fed rates were expected to cause a hike in mortgage rates, mortgage rates fell after December’s rate hike.

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