Smyrna Mortgage Rate Update – Week of October 12, 2009
posted in Mortgages, Smyrna Vinings Real Estate |Welcome back!
The Week in Review:
Home loan rates continued along historical lows for most of the week. Only on Friday did rates head upward and finished the week about .125% worse than they started.
What to expect:
When Bernanke speaks, people listen. Fed Chairman Bernanke spoke on capital hill last week and stated that the Fed would need to be vigilant in protecting against the threat of future inflation. How do they protect against inflation? Simple… raise rates.
With the threat of inflation, the Fed ending their buying program and the economy coming out of it’s coma, rates are about to rise. Take advantage while you can.
Breg-ometer:
Next 7 days: Volatile – chance for continued increase
Next 30 days: We should still be in the same range
Next 90+ days: Rates up
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30080]
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