Smyrna Mortgage Rate Update – Week of November 23, 2009
posted in Mortgages, Smyrna Vinings Real Estate |Welcome back!
The week in review:
Home loan rates increased slightly during the week. However, they managed to end the week around the same levels where they began.
What to expect:
It is a shortened holiday week, but there are plenty of items on the agenda. Tuesday we get an update on consumer and business consumption with the GDP Report. Following on Wednesday is the Fed’s favorite gauge on inflation, the Core Personal Consumption Report. Also, the Treasury is auctioning off record levels of treasury securities the first three days of this week.
Weak economic news generally causes home loan rates to decrease and vice versa.
Breg-ometer:
Next 7 days: No significant change
Next 30 days: Rates are at record low levels; increase possible
Next 90 days: Higher
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