Mortgage News

The Markets In A Minute - June 17

June 17th, 2016

For the Week Ending June 17, 2016
 


Please enjoy this quick update on what happened this week in the housing and financial markets.

 

 

Policy rates remain unchanged after the Fed's June meeting. The odds of two rate hikes in 2016 have fallen, with six members anticipating only one. 
 
A July increase may hinge on a strong monthly jobs report. The current four-week average for jobless claims is strong, supporting a possible change. 
 
Britain's voters will decide whether to exit the EU on June 23. Expected volatility in the stock and bond markets could lead to the same for mortgage rates.
 

Student loans impact not only buyers, but also sellers. A new survey shows that 1/3 of homeowners with student debt are delaying a sale.
 
Don't discount Baby Boomers just yet. 19 million 55+ homeowners plan at least one more home purchase, with 8 million expecting to move within four years.
 
Foreclosure and serious delinquency rates have dropped to post-crisis lows, due in part to strong appreciation in home values.

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.