The Week in Review:
The impressive decrease in home mortgage interest rates that began at the beginning of April continued last week. Once again, rates touched an all-time low as uncertainty in Europe continues to grow.
What to Expect:
It’s a fairly quiet week for scheduled Economic reports. We’ll see releases on Jobless Claims, Consumer Sentiment and Gross Domestic Product (GDP) for the second quarter. The GDP report is always interesting because of the conversations that ensue after the release and the projections financial wizards make about the future of the US economy.
Events in Europe will continue to be the major market mover. While it is certainly possible for rates to continue lower, I feel that taking advantage of them now is a prudent move.
Breg-ometer
Next 7 Days: Lock in short-term transactions
Next 30+ Days: Rates should continue in this range and have a chance to drop
Courtesy of:
Bob Bregitzer
Southeast Mortgage
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Next 7 Days: Lock in short-term transactions
Next 30+ Days: Rates should continue in this range and have a chance to drop