The Week in Review:
Last week reminded everyone how fast market sentiment can change. After weeks of continual weak economic reports, the outlook for the economy was growing more pessimistic. As such, interest rates have been near historical lows.
It changed last week when all scheduled reports came in better than expected. The stock market had its best week in about two years and the bond market took a beating causing interest rates to move higher by about .25%.
What to Expect:
This week is all about employment. If the Jobs Report comes in stronger than anticipated, expect more of the same.
Will rates go back down? While it is possible, we feel the safe bet is to lock in now. The risk of interest rates continuing to rise to too high.
Breg-ometer:
Next 7 Days: Lock-in
Next 30 Days: Lock-in
Next 90 Days: Neutral
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30339]