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 the companies that comprise the S&P 500 will be reporting earnings. If earnings are strong and stock move higher, home loan rates could move higher.
Mortgage rates are moving higher in the longer term. After rising most of 2013, rates have quickly moved back down to the same levels in mid-January. In my opinion, it’s a great time to take advantage of it.
For transactions closing in:
Next 15 Days: Lock
Next 30+ Days: Neutral; Prefer locking
Courtesy of:
Bob Bregitzer
Southeast Mortgage
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