The Week in Review:
Interest rates ticked up at the end of the week as the Department of Labor’s Job Report showed that job growth was stronger than expected. The good news pressured the bond markets and caused rates to marginally move up.
What to Expect:
It’s a slow week for scheduled economic reports. The bond markets will trade based on news stories this week.
The Treasury has announced it will begin selling its holding of mortgage-backed securities. The Treasury has been purchasing them in an effort to keep interest rates low. Now they have decided it is time to slowly sell what they have acquired. This is another reason to believe interest rates will gradually move upward.
So if you’re thinking about buying a home this year, take advantage of the current great rates and search now for all Smyrna Vinings homes for sale.
Breg-ometer:
Next 7 Days: Rates most likely continue to move up
Next 30 Days: Neutral
Next 90 Days: Rates up
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30080]