Home Rate Update
The Week in Review: A weaker than expected Jobs Report pushed home mortgage interest rates slightly lower last week. The week was marked by wide swings in both directions. What to Expect: Overall, mortgage rates are going to start rising based on where we are in the economic cycle. Of course, we’ll see plenty of…
Smyrna Homebuyer Alert – Rates Drop
The Week in Review: The Department of Labor’s Job Report showed that 115,000 were created. However, the market was expecting the report to show 130,000+ new jobs. The markets did not like the news causing home loan interest rates to come down slightly. What to Expect: Mortgage interest rates are currently at the lowest levels…
Market Rate Update
The Week in Review: Mortgage interest rates inched up last week as better than expected economic news came from the housing, manufacturing and labor sectors. On the week home loan rates moved up about .125%. What to Expect: The trend the past few weeks have been a strengthening stock market and a weakening bond (including…
Smyrna Vinings Rate Update
The Week in Review: As we expected, mortgage rates increased at the end of the week as thin trading caused increased volatility in the marketplace. On the week, home loan rates were up approximately .125% What to Expect: This should be a quiet holiday-shorten week for the markets. There are very few scheduled economic reports…
Home Loan Rates Remain Low
The Week in Review: Mortgage interest rates were down about .125% last week as European leaders were unable to agree upon a clear cut solution to Europe’s financial crisis. What to Expect: Uncertainty overseas continues to assist in helping keep home loan rates low. Europe’s trials and tribulations will be the financial market’s wild card…
Smyrna Vinings Rate Update
The Week in Review: Optimism has been picking up on Wall Street the past couple of weeks. With some positive economic reports here in the US along with the announcement of plans to address the European crisis, the stock market has erased losses for 2011. When stocks are up, rates usually move up as well.…