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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• Smyrna Vinings Mortgage Rate Update – Week of July 5, 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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• Smyrna Vinings Mortgage Rate Update – Week of August 2, 2010
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• Smyrna Vinings Mortgage Rate Update – Week of July 5, 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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• Smyrna Vinings Mortgage Rate Update – Week of July 12, 2010
• Smyrna Vinings Mortgage Rate Update – Week of July 5, 2010

Keller Williams Ranks Highest in Customer Satisfaction among Home Buyers for a Third Consecutive Year

J.D. Power and Associates just released their 2010 Home Buyer/Seller Study(SM). According to their report, satisfaction with real estate companies among home buyers has improved from 2009.

The study, now in its third year, measures customer satisfaction of home buyers and sellers with the largest national real estate companies. Overall satisfaction is determined by examining three factors for the home-buying experience: agent/salesperson; office; and variety of additional services.

Overall satisfaction among home buyers averages 803 on a 1,000-point scale in 2010—increasing by 12 points from 2009. This improvement is primarily driven by increased satisfaction with agents and salespersons.

“Among both home buyers and home sellers, the importance of agents and salespersons has increased substantially in 2010, compared with 2009,” said Jim Howland, senior director of the real estate and construction practice at J.D. Power and Associates.

In the home-buyer segment, Keller Williams ranks highest for a third consecutive year, with a score of 817 on a 1,000-point scale. Keller Williams performs particularly well in the agent and office factors. Following in the rankings are Prudential (811) and Coldwell Banker (805).

J.D. Power and Associates mentioned that  in addition to a buying or selling agent, consider the additional services you may require. Buying and selling a home is a complex undertaking with many “moving parts” to consider. In addition to the real estate agent you work with, you may also need to work with a loan officer, a financial institution, title/escrow company, inspectors, appraisers, home warranty agents, movers, storage services, contractors, etc. One of the advantages of using a full-service real estate company is that they can assist with finding and coordinating some of these necessary additional services.

The 2010 Home Buyer/Seller Study includes more than 3,000 evaluations from 2,817 respondents who bought or sold a home between March 2009 and April 2010. The study was fielded between April and May 2010.

We at Keller Williams are obviously excited about this award because it supports our efforts to be leaders in the real estate industry by providing unparalleled customer service and local market expertise. Please contact us if we can be of assistance with your Smyrna Vinings real estate needs.

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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]

Possibly Related Posts:

• Smyrna Vinings Mortgage Rate Update – Week of August 16, 2010
• Smyrna Vinings Mortgage Rate Update – Week of August 16, 2010
• Smyrna Vinings Mortgage Rate Update – Week of August 2, 2010
• Keller Williams Ranks Highest in Customer Satisfaction among Home Buyers
• Smyrna Vinings Mortgage Rate Update – Week of July 5, 2010