The Week in Review:
It was a volatile week for mortgage interest rates as economic news reports toggled back and forth from optimistic to pessimistic. On the week, home loan rates moved slighted higher.
What to expect:
This weekly rate update has been like a broken record over the last month. Again this week, the markets will move more from events in Europe than from economic reports here in the US. News from Europe seems to be more confusing and conflicting each day which makes it close to impossible to predict a direction for interest rates.
We have a full slate of economic data to digest about the US economy this week. Key inflation reports are some of the most important. Large deviations from expectation could cause movement.
We continue to suggest taking advantage of the current market and locking-in rates.
Breg-ometer:
Next 30 Days: Lock and take advantage
Next 90 Days: Rates could drop but most feel any downward movement will be minimal.
Courtesy of:
Bob Bregitzer
Southeast Mortgage
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