The week in review:
The Fed met last week and decided to leave interest rates at historic lows. They also indicated that inflation remains subdued for right now. On the week, home loan rates ended the week about the same as they started.
What to expect:
The markets will be watching the Healthcare debate closely. The passage of the bill could cause uncertainty and potentially have a negative impact on the stock market. If that happens, the bond market could improve and cause rates to decrease.
There is a full slate of economic news this week as well. Topping the charts is Thursday’s Initial Jobless Claims Report and Friday’s Gross Domestic Product Report, which is the broadest measure of economic activity.
Breg-ometer:
Next 7 Days: Could be interesting as rates could move either direction
Next 30 days: Potential for rates to rise
Next 90 days: Rate increase
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30080]