Smyrna Mortgage Rate Update
The Week in Review: The trend we have seen for the past several weeks remained intact last week. Stock market moving higher, bond yields increasing and home mortgage rates once again going up. On the week, rates moved higher about .125%. What to Expect: The current trend has been in place for a long period…
Home Loan Rate Update
The Week in Review: Happy New Year! Home mortgage interest rates moved higher at the end of last week when the minutes of the Fed’s last meeting was released. The minutes revealed that most members of the Fed felt the mortgage-bond buying program (quantitative easing) would likely end in 2013. Rates moved up about .125%…
Mortgage Rate Update
The Week in Review: Home mortgage interest rates decreased about .125% last week as no progress was made on the Fiscal Cliff issues and debt crisis continued in Europe. What to Expect: The Fiscal Cliff is the driver in the market right now. It is hard to imagine a significant change in the rate environment…
Smyrna Loan Rate Update
The Week in Review: Several good news items hit the wires last week putting pressure on home mortgage interest rates. The unemployment rate surprisingly dropped and foreclosure activity declined to a five year low. What to Expect: It’s a big week for economic news. One of the most watched items will be Thursday’s announcement of…
Vinings Mortgage Rate Update
The Week in Review: Home loan rates once again move down to all-time lows. Mortgage rates moved about .125% lower as economic reports of the week pointed to a lackluster economy. What to Expect: First and foremost, mortgage rates are at unbelievable levels. It is time to act. The Fed is trying very hard to…
Home Rate Update
The Week in Review: A weaker than expected Jobs Report pushed home mortgage interest rates slightly lower last week. The week was marked by wide swings in both directions. What to Expect: Overall, mortgage rates are going to start rising based on where we are in the economic cycle. Of course, we’ll see plenty of…