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What’s Ahead For Mortgage Rates This Week – March 31, 2014

Last week’s economic news includes several reports about housing markets.

The S&P Case-Shiller 10 and 20 city housing market indices, the FHFA House Price Index, New Home Sales and Pending Home sales reports suggest that the national housing market continues to grow, but at lower rates.

Pending Home Sales Rise To 22-Month High

The Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior.

More Housing Strength : Pending Home Sales Surged In October

After 3 consecutive months of easing, the Pending Home Sales Index jumped 10 percent in October, lending credence to the belief that housing is in recovery.