What’s Ahead For Mortgage Rates This Week – January 26, 2015

Last week's economic reports included the National Association of Home Builders Wells Fargo Housing Market Index, Housing Starts for December and the FHFA Home Price Index report for November. Freddie Mac and the Department of Commerce released their weekly reports on mortgage rates and new jobless claims.

NAHB: Home Builder Confidence Nears 2005 High

The National Association of Homebuilders (NAHB) Wells Fargo Housing Market Index reported that homebuilder confidence in sales conditions for single-family homes declined one point to a reading of 57. The NAHB Housing Market Index measures home builder confidence based on builder opinions of current market conditions, future market conditions and buyer foot traffic in new homes.

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