The Week in Review:
Home loan rates ended the week about where they started after slightly decreasing mid-week.
What to expect:
It will be a pretty quiet week for scheduled economic reports. The most relevant report will be the Retail Sales Report coming at the end of the week. A strong report showing increased retail activity could cause home loan rates to increase.
While the economic calendar is sparse this week, there are plenty of events that could cause rates to move. With the healthcare debate heating up in Washington and the Fed’s Mortgage-Backed Securities Program coming to an end, rate movement is always possible.
Breg-ometer:
Next 7 Days: Neutral
Next 30 Days: Rates could start moving upward
Next 90 Days: Rate increase likely
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30080]