Mortgage Rate Update

Filed in Mortgages, Smyrna Homes, Smyrna Vinings Real Estate by on February 20, 2013

The Week in Review:

Mortgage interest rates remained relatively unchanged during the week. However, the upward pressure on rates remains intact.

What to Expect:

While the markets are closed Monday for President’s Day, the rest of the week contains market moving economic reports and releases. Wednesday the minutes from the Fed’s last meeting are released. Not all Fed members agree on the state of the economy and whether stimulus should be continued. We’ll get a little insight into how each member is voting.

Economic reports include updates on inflation, employment and manufacturing. It should be a big week.

Overall, the stock market remains strong and it is pulling funds out of bond markets causing rates to climb. We remain in lock mode as we have for the last couple of months.

For transactions closing in:

Next 30 Days: Lock

Next 30+ Days: Lock

Courtesy of:

Bob Bregitzer
Southeast Mortgage

Click here to start your Smyrna Vinings home search.

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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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