Smyrna Vinings Mortgage Rate Update – Week of January 31, 2011
The Week in Review: The Fed announced last week in its scheduled meeting that economic conditions are improving, but at a slow rate. Interest rates over the last few weeks have moved up and down in a volatile manner depending on the economic reports and news stories of the day. However, no clear direction has…
Smyrna Vinings Mortgage Rate Update: Week of November 29, 2010
The Week in Review: Hope everyone had a Happy Thanksgiving! Interest rates started to improve at the beginning of the week, but once again ended the week about .125% higher as volatility struck once again. Last week marks the third week in a row we have seen interest rates increase. What to Expect: This week…
Smyrna Vinings Mortgage Rate Update: Week of October 11, 2010
The Week in Review: Home mortgage rates ended the week about .125 to .25% better due to a poor unemployment report and additional speculation that the Fed will provide support to the economy. Rates just dropped below the recent low point on Thursday only to trickle back up a bit Friday (a repeating pattern we’ve…
Smyrna Vinings Mortgage Rate Update: Week of September 27, 2010
The Week in Review: The Fed’s Policy Statement last week was a little more downbeat on the economy, stated there are some deflationary pressures in the market and gave the feeling that additional measures may be taken to help the economy. Most of the Fed’s comments are good news for the bond market and home…
Smyrna Vinings Mortgage Rate Update: Week of September 20, 2010
The Week in Review: As predicted, home loan rates came down at the beginning of last week after the increase the week before. However, home loan rates inched up the rest of the week and rates ended up virtually unchanged. What to Expect: The dramatic decrease in mortgage rates began at the beginning of April…
Smyrna Vinings Mortgage Rate Update: Week of September 6, 2010
The Week in Review: Volatility has moved back into the marketplace and as a result home loan rates are experiencing daily movement again. This past week rates decreased at the beginning of the week only to end the week .125 – .25% worse than they started. What to Expect: This week has an unusually low…