Smyrna Mortgage Rate Update

Filed in Mortgages, Smyrna Vinings Real Estate by on January 29, 2013

The Week in Review:

The trend we have seen for the past several weeks remained intact last week. Stock market moving higher, bond yields increasing and home mortgage rates once again going up. On the week, rates moved higher about .125%.

What to Expect:

The current trend has been in place for a long period of time. I would expect the markets to take a breather and retract just a little, possibly bringing home loan rates down temporarily. However, the overall trend of rates moving higher this year is as predicted and should continue.

This is a big week for economic news with a Fed meeting and announcement coming Wednesday. Also, this week the all-important Jobs Report comes out at the end of the week. Recent reports on unemployment have been favorable. If the report on Friday continues to show improvement, we could see mortgage interest rates continue the climb.

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Courtesy of:

Bob Bregitzer
Southeast Mortgage

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About the Author ()

Aaron Hofmann is the founder of and also a Realtor with Atlanta Communities focused on the Smyrna real estate market and the Vinings real estate market. Aaron is a transplant from the Midwest (amazingly not a native Atlantan) and has lived in the Smyrna Vinings area for over 10 years. Find Aaron Hofmann on Google+

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