The Week in Review:
Home loan rates increased about .125% after a highly volatile week.
What to Expect:
This week we get reports on two keys aspects of our economy, housing and employment. New and Existing Home Sales Reports as well as the Initial and Continuing Jobless Claim Reports are out this week.
Friday we receive the Gross Domestic Product Report, which is the broadest measure of economic activity. The GDP report is usually only a market mover when it is significantly different than expectations.
Breg-ometer:
Next 7 days: Possible day-to-day swings in rate, but staying in the same range
Next 30-90 days: Downward trend still intact
Courtesy of:
Bob Bregitzer
Southeast Mortgage
[where: 30339]