The Week in Review:
Home mortgage rates remained unchanged during the past week. Rates remain at some of the lowest levels of the year.
What to Expect:
This week, Thursday is the day where several economic reports are unveiled at the same time. First, the Jobless Claims Report will let us know if the employment situation is improving. Then, the Philadelphia Fed Index will show how the manufacturing sector is doing.
There are several reasons to believe interest rates could start moving back up. However, if the economic news of the week is poor, the reverse could take place as well.
Breg-ometer:
Next 7 Days: We suggest locking a rate in if you have a transaction in process
Next 30 Days: Neutral
Next 90 Days: Neutral
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30339]