The Week in Review:
Home mortgage interest rates came down a hair last week as Fed Chairman Bernanke attempted to calm the markets by stating accommodative monetary policy will remain in place for the foreseeable future. Rates moved down about .125%.
What to Expect:
There are a number of economic reports on tap for the week. However, those reports will be overshadowed by Bernanke’s scheduled testimony to congress on Wednesday and Thursday. Everyone wants to know the answer to one question: What are the Fed’s plans for the future of QE. You can bet he will get grilled on this topic. The markets will be listening very carefully to what he says. Will he reiterate last week’s calming message?
The markets remain too volatile to float at this time. Lock-in rates when you find a property.
For transactions closing in:
Next 15 Days: Lock
Next 30+ Days: Lock
Courtesy of:
Bob Bregitzer
Southeast Mortgage
Click here to start your Smyrna Vinings home search.
[where: 30080]