The Week in Review:
Interest rates moved a bit lower last week as economic reports continued to show a struggling economy. Home loan rates dropped almost .125%.
What to Expect:
It’s a fairly quite week for economic reports. This week interest rates will vary based on the outcomes of Treasury auctions beginning on Tuesday and how the stock market fares. Stocks have been beat up the past month and with the poor economic reports last week, the trend could continue.
Breg-ometer:
Next 7 Days: Daily Volatility; poor auction result would make rates rise during the week
Next 30 Days: Further decline in rates possible
Next 90 Days: Further decline in rates possible
Courtesy of:
Bob Bregitzer
Southeast Mortgage