The Week in Review:
Volatility continues in the mortgage-backed securities market causing home loan rates to spike in both directions. Home loan rates began the week at the highest level we have seen since August 2009 and ended the week about .25% better.
What to Expect:
What’s the rate today? Well, it’s likely different than it was yesterday. Expect rates to continue to bounce around and possibly improve this week.
It’s a light week of scheduled economic news. The Consumer Price Index and the Initial Jobless Claims report will be the most significant.
Breg-ometer:
Next 7 Days: All over the place; decrease possible
Next 30 Days: Continued volatility; Expect rates to tick upward
Next 90 Days: Rates increase
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30080]