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]