24th
August
2010
The Week in Review:
Home loan rates increased about .125% after a highly volatile week.
What to Expect:
This week we get reports on two keys aspects of our economy – housing and employment. New and Existing Home Sales Reports as well as the Initial and Continuing Jobless Claim Reports are out this week.
Friday we receive the Gross Domestic Product Report, which is the broadest measure of economic activity. The GDP report is usually only a market mover when it is significantly different than expectations.
Breg-ometer:
Next 7 days: Possible day-to-day swings in rate, but staying in the same range
Next 30 – 90 days: Downward trend still intact
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30339]
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posted in Mortgages, Smyrna Vinings Real Estate |
17th
August
2010
The Week in Review:
Home loan rates continued to bounce around at all-time low level throughout the week. Rates ended the week unchanged.
What to Expect:
The downward trend, which began in April, is still intact but with rates at all-time lows it will be progressively harder to keep going. Last week, there was very little movement in rates as the market attempts to determine the next direction. We would not be surprised to see rates just slightly higher by Friday.
This week there are numerous reports on inflation, manufacturing and unemployment. None of the scheduled reports are expected to cause rates to go up. However, since each is expected to be dismal, we would not expect them to further cause rates to decrease.
On Tuesday, the White House hosts a “Conference on the Future of Housing Finance”. At this conference, the future of Fannie Mae and Freddie Mac will be discussed. News reports from the conference could send waves through the markets. Also, there are rumors of a major bailout for homeowners upside down on their mortgage. If anything develops, we’ll bring you the news next week.
Breg-ometer:
Next 7 Days: Same range to slightly higher
Next 30 to 90 days: Neutral; Waiting for indication of direction.
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30080]
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posted in Mortgages, Smyrna Vinings Real Estate |
3rd
August
2010
The Week in Review:
Last week was a mixed bag of news. More than 75% of S&P 500 companies reporting 2nd quarter earnings last week beat estimates. However, a first reading for 2nd quarter GDP showed the economy slowed to a 2.4% growth rate, the lowest number in a year. On the week home loan rate dropped just a bit.
What to Expect:
The downward trend for home loan rates is still intact. We know it won’t last forever. However, this environment may be around for a while with inflation low and economic recovery slow.
It is important to note the recent decrease in home loan rates in largely due to the economic troubles in Europe. Bank stress tests completed last week showed improvement in Europe’s overall situation. If conditions in Europe improve, home loan rates could worsen.
Breg-ometer:
Next 7 Days: Rates should stay around this level
Next 30 – 90 Days: Downward movement in rates is possible. We would not expect a significant change lower. However, if the trend changes, expect rates to possibly move upward quickly.
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30339]
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posted in Mortgages, Smyrna Vinings Real Estate |
13th
July
2010
The Week in Review:
Last week was a quiet week for economic news and as a result rates ended the week where they began.
What to Expect:
This week will be different as economic reports flood the headlines toward the end of the week. Starting it off on Wednesday is the Retail Sales report. Then, Thursday and Friday we have a number of reports of manufacturing and inflation. Two of the most important will be the Producer and Consumer Price Indices.
Also, we’ll have more news coming from overseas and US Corporations will be reporting 2nd quarter earning all week.
Home loan rates have been moving lower since the end of April, but history tells us a reversal is in store – it’s just a matter of when. Could this be a market moving week?
Breg-ometer:
Next 7 Days: Economic data could cause rates to move higher
Next 30 Days to 90 Days: Rates have been temporarily stopped at all time lows. Additional poor economic news could pull rates lower. Without additional poor news, we expect rates to tick up.
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30080]
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posted in Mortgages, Smyrna Vinings Real Estate |
6th
July
2010
The Week in Review:
Last week home loan rates decreased by approximately .125% and remain at all-time lows.
What to Expect:
We have a shortened work week due to the 4th of July holiday. It is also a quiet week for economic news releases with the only meaningful report being Thursday’s Initial Claims report. As a result, home loan rates could change this week based on stock market movement and news from Europe.
Have a great week and be sure to take advantage of this low interest rate environment!
Breg-ometer:
Next 7 Days: No significant changes expected
Next 30 to 90 Days: With home loan rates at all-time lows, additional weak economic news would be needed to keep the downward trend going.
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30339]
Possibly Related Posts:
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posted in Mortgages, Smyrna Vinings Real Estate |
