The Week in Review:

The impressive decrease in home mortgage interest rates that began at the beginning of April continued last week. Once again, rates touched an all-time low as uncertainty in Europe continues to grow.

What to Expect:

It’s a fairly quiet week for scheduled Economic reports. We’ll see releases on Jobless Claims, Consumer Sentiment and Gross Domestic Product (GDP) for the second quarter. The GDP report is always interesting because of the conversations that ensue after the release and the projections financial wizards make about the future of the US economy.

Events in Europe will continue to be the major market mover. While it is certainly possible for rates to continue lower, I feel that taking advantage of them now is a prudent move.

Breg-ometer

Next 7 Days: Lock in short-term transactions

Next 30+ Days: Rates should continue in this range and have a chance to drop

Courtesy of:

Bob Bregitzer
Southeast Mortgage

Click here to start your Smyrna Vinings home search.

[where: 30339]

Next 7 Days: Lock in short-term transactions
Next 30+ Days: Rates should continue in this range and have a chance to drop

About Aaron Hofmann

Aaron Hofmann is the founder of SmyrnaVinings.com and also a Realtor with Keller Williams focused on the Smyrna real estate market and the Vinings real estate market. Aaron is a transplant from the Midwest (amazingly not a native Atlantan) and has lived in the Smyrna Vinings area for over 10 years. Find Aaron Hofmann on Google+