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What’s Ahead For Mortgage Rates This Week – June 8, 2015

June 8, 2015 by Michael Addison

Last week's economic news included reports on construction spending, Freddie Mac's mortgage rates survey and several employment related reports. The details: Construction Spending Jumps The Commerce Department reported that construction spending reached its fastest annual pace since November 2008. Most of the momentum was caused by construction of apartments, commercial projects and roads, and construction of single family homes. Builders spent 2.20 percent more in April than they did in March, which equated to an annual outlay of $1.01 trillion for all types of construction spending. Analysts said that increased spending in construction indicated that the housing sector could see … [Read more...]

Filed Under: Market Outlook Tagged With: Commerce Department, Freddie Mac, Labor Department

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