mortgage-rate-roller-coaster
The week in review:

In typical roller coaster fashion, home loan rates came down slightly the first couple days of the week but ended up higher by the end of the week. Rates increased about .125% by Friday.

What to expect:

It’s a big week for mortgage rates. Beginning Tuesday, the Treasury starts a record sized round of auctions which continues to flood the market with supply. If the auctions are not well received, expect rates to move upward.

We also have a number of scheduled economic reports including the GDP Report and a key report on inflation. Weak economic news generally causes home loan rates to go down.

Breg-ometer:

Next 7 Days: Largely depends on auction results
Next 30 Days: Hanging on to low rates
Next 90 Days: Rates up

Courtesy of:

Bob Bregitzer

Southeast Mortgage

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