The Week in Review:
Problems in Europe continue to dominate the headlines and influence market direction around the world. This week was particularly volatile as rates made about a .25% decrease mid-week, but ended the week unchanged.
What to Expect:
European economic woes will once again take center stage this week. The financial instability appears to be growing and if additional concern hits the markets rates could improve.
In scheduled economic news, we have two key reports on inflation this week. If remains tame, rates would also have a chance to further improve.
Breg-ometer:
Next 7 Days: Rates could continue downward slide
Next 30 to 90 Days: What will happen across the pond? The answer to this question will likely indicate the direction of interest rates.
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30080]