Vinings Home Loan Rate Update
The Week in Review: Home mortgage rates ended the week a bit lower than they started off. This is good news for prospective home buyers, but will it be a temporary improvement in a rising interest rate environment? What to Expect: IT’S ALL ABOUT THE FED! There are a number of important economic reports set…
Home Loan Rates on the Rise
The Week in Review: Thankfully, June is here. The month of May was not kind to mortgage interest rates. Overall, home loan rates moved up around .50%. What to Expect: With the rapid run-up in mortgage rates, will they come back down? The answer: It is possible. The underlying bond market needs a catalyst to…
Vinings Mortgage Rate Update
The Week in Review: The month of May has not been kind to mortgage interest rates. Although economic news was mixed last week, the upward trend that started at the beginning of the month remains intact. Interest rates moved higher by approximately .125% on the week. What to Expect: There are several economic releases at…
Home Mortgage Rate Update
The Week in Review: Home mortgage interest rates remained unchanged last week. We did get some good news that housing starts are on the rise indicating continued strength in the housing market. What to Expect: This week we will get a number of economic reports including Gross Domestic Product for the first quarter. 170 of…
Smyrna Vinings Mortgage Rate Alert
The Week in Review: News Flash: Rates did not rise last week (applause). In fact, mortgage rates decreased slightly. After a long run upward, mortgage interest rates appear to be taking a breather. What to Expect: We obtained some breaking news over the weekend about possible bank failures in Europe. The headlines once again bring…
Mortgage Rate Update
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.…