Mortgage Rate Update – Week of March 16, 2009
posted in Mortgages, Smyrna Vinings Real Estate |Welcome back!
The week in review:
Home loan rates decreased about .125% last week.
What to expect:
We could see some movement in the middle of the week with the Fed having their regularly scheduled meeting and delivering their rate decision on Wednesday. There is no chance for a change in the fed funds rate but what they say about the economy and future plans will be important to the markets.
Also this week, we receive reports on inflation on Tuesday and Wednesday. High inflation is the enemy of mortgage rates. For now, inflation is expected to remain quite low.
Breg-ometer:
Next 7 days: Volatile conditions with chance for slightly lower rates
Next 30 days: We expect to be in the same interest rate range
Courtesy of:
Bob Bregitzer
[where: 30080]
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