The MReport Webcast: Tuesday 1/12/2016

President Barack Obama will deliver his State of the Union Address tomorrow for the last time as President of the United States. Many in the mortgage industry are eager to hear what the Obama Administration will have to say about the housing market—if he will address it at all.

In his weekly address this past week, President Obama noted, "The point is America can do anything. Even in times of great challenge and change, our future is entirely up to us. That’s been on my mind while I’m writing my final State of the Union Address. And on Tuesday, I’m going to talk about the choices we have to make to set this country firmly on an even better, brighter course for decades to come."

Worries that the U.S. housing market may suffer the Fed’s first rate hike in a decade should be put to rest, at least as far as Capital Economics is concerned. On Monday, the firm announced that with home purchase mortgage applications reaching a six-year high in December and an improving job sector, the national housing market will be able to withstand the additional 0 point 25 percent.