The Week in Review:
Home mortgage rates moved up last week between .125% and .25%. Inflation indices have showed gradually increasing inflation. Last week, inflation reports presented data suggesting inflation continues to raise its head. It was one factor that pushed home loan rates higher.
What to Expect:
We’ll see less economic data this week. The headliners will be the Jobless Claims Report and the Leading Economic Indicators Report both out Thursday.
The biggest market mover this week could be news coming from overseas. Both the stock and bond markets will be watching developments in Greece and other countries. Reports have varied daily. As soon as there is a report out that Greece is about to default on their debt, another comes out stating they are making good progress.
Breg-ometer:
Next 7 Days: Lock because of short-term volatility
Next 30 to 90 days: Rates have a chance to continue downward but we do not think they can go much lower.
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30080]