Americans’ Views of Economy Climb to Highest Since Early 2008.Americans’ views of the economy climbed last week to the highest level in almost seven years as the labor market strengthened and gasoline prices kept falling. A Bloomberg measure of perceptions about the world’s largest economy increased to 28.9 in the period ended Nov. 9, the highest since January 2008, from 27.4.
Fixed Mortgage Rates Hovering Near 2014 Lows. Freddie Mac released the results of its Primary Mortgage Market Survey®, showing average fixed mortgage rates little changed from the previous week with the 30-year mortgage still hovering around 4 percent.
Improving Mortgage Origination Activity Likely To Extend Into Q4. The U.S. mortgage industry saw an improvement in the volume of total originations for a second consecutive quarter in Q3, with data compiled by the Mortgage Bankers Association estimating that $300 billion in mortgages were originated over the period.
Housing Starts in 2015 Will Rise Modestly. Metrostudy chief economist Brad Hunter, who projects a 15 percent increase in starts and sales volume in 2015, already sees builders pushing to farther-out locations. If the market does increase in 2015, high-volume builders are positioned to capture that growth, at least early on.
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