Smyrna Mortgage Rate Update – Week of November 16, 2009
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The week in Review:
Home loan rates decreased about .125% by the end of the week. While the employment numbers may be improving, they still showed weakness and helped rates improve.
What to expect:
This week is loaded with economic reports. In the first three days of the week, we’ll see the Retail Sales, Producer Price Index and the Consumer Price Index Reports. Each report contains important information about how the consumer is spending.
Remember, while rates have improved, the Fed purchases of mortgage-backed securities have decreased by almost half the past couple of weeks. We are still projecting rates to rise in the not so distant future.
Breg-ometer:
Next 7 Days: No significant change expected – A slight increase would not be surprising given the recent decline in rates
Next 30 Days: Same range
Next 90 Days: Rates increasing
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30080]
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