Smyrna Vinings Mortgage Rate Update: Week of August 16, 2010
The Week in Review: Home loan rates continued to bounce around at all-time low level throughout the week. Rates ended the week unchanged. What to Expect: The downward trend, which began in April, is still intact but with rates at all-time lows it will be progressively harder to keep going. Last week, there was very…
Smyrna Mortgage Rate Update: Week of June 21, 2010
The Week in Review: Home loan rates improved during the week by about .125%. What to Expect: Former Fed Chairman Alan Greenspan was quick to warn consumers not to be fooled by today’s low rates in a recent Wall Street Journal article. He said, “Long-term rate increases can emerge with unexpected suddenness. Between early October…
Smyrna Mortgage Rate Update: Week of June 7, 2010
The Week in Review: Home loan rates decreased by about .125% on the week. It looked as if rates were going to end the week higher but an unexpectedly poor Jobs Report created enough concern in the market to change the direction of the mortgage-back securities market. What to Expect: It’s a tough call when…
Smyrna Mortgage Rate Update: Week of June 1, 2010
The Week in Review: Home loan rates ended the week just a hair higher than where they started out. However, the month of May was a great month if you were hoping for rates to go down. What to Expect: News from around the globe will once again drive the markets. Recently, credit rating services…
Smyrna Mortgage Rate Update: Week of May 17, 2010
The Week in Review: Problems in Europe continue to dominate the headlines and influence market direction around the world. This week was particularly volatile as rates made about a .25% decrease mid-week, but ended the week unchanged. What to Expect: European economic woes will once again take center stage this week. The financial instability appears…
Smyrna Mortgage Rate Update: Week of May 3, 2010
The Week in Review: The volatility in the mortgage-backed securities market continued last week as the mix of news and market activity caused rates to fluctuate daily. Home loan rates ended the week slightly better than they started primarily because of the Fed’s stance to keep rates low and lack of confidence in Greece’s ability…