Smyrna Mortgage Rate Update – Week of October 26, 2009
posted in Mortgages, Smyrna Vinings Real Estate |
The week in review:
In typical rollercoaster 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
[where: 30080]
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