The Week in Review:
Home mortgage interest rates continued the uphill climb last week. Mostly positive economic news pushed rates higher by approximately .125%
What to Expect:
Expect volatility. It’s a big week with numerous economic reports, a congressional vote on Syria and treasury auctions taking place all week. There are too many variables this week to consider “seeing what the market will do”. Be wise and lock in transactions.
On the plus side, the CoreLogic housing index showed a 12.4 percent increase in year-over-year home prices which is still approximately 17 percent below peak prices. It’s a great time to find a new home.
For transactions closing in:
Next 15 Days: Lock
Next 30+ Days: Lock
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