Smyrna Mortgage Rate Update – Week of March 1, 2010
posted in Mortgages, Smyrna Vinings Real Estate |Week in Review:
Mortgage rates decreased on the week primarily because consumer confidence reports showed consumers don’t share the rosy outlook of politicians and the media. Interest rates improved about .125%
What to Expect:
This week we get a number of economic reports including the Department of Labor’s Jobs Report. This report includes the latest government data on job losses and the unemployment rate. A poor report could cause rates to decrease further.
This month marks the end of the Fed’s Mortgage-Backed Securities purchase program. As we talked about in the past, we feel home loan rates are subject to increase after the program is over. Furthermore, the Fed must eventually sell what they have purchased which could have a reverse effect on rates.
Breg-ometer:
Next 7 Days: Same range
Next 30 Days: Same range
Next 90 Days: Home loan rates increase
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30339]
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- Smyrna Vinings Mortgage Rate Update – Week of August 16, 2010
- Smyrna Vinings Mortgage Rate Update – Week of August 2, 2010
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