Mortgage Rate Update
The Week in Review: Last Friday’s Jobs Report showed that 80,000 new jobs were created in October. While increasing the number of jobs is good, the report came in below expectations. On the week, mortgage interest rates ended unchanged. What to expect: It is a slow week for scheduled economic reports. News from Europe once…
Mortgage Rate Update
The Week in Review: It appears the European summit was successful last week. The holders of Greek debt agreed to reduce the amount they will collect from the troubled country by 50%. The world stock markets liked the news and improved on the week. Mortgage interest rates moved upward as a result by approximately .125%.…
Mortgage Rate Update
The Week in Review: Home loan rates ended the week unchanged to slightly lower. The debt ceiling debate captured most of the headlines. What to Expect: This week our leaders on capital hill will continue to argue about the debt ceiling. Once again, debt concerns overseas will continue to play a role in interest rate…
Smyrna Vinings Mortgage Rate Update
The Week in Review: Last week reminded everyone how fast market sentiment can change. After weeks of continual weak economic reports, the outlook for the economy was growing more pessimistic. As such, interest rates have been near historical lows. It changed last week when all scheduled reports came in better than expected. The stock market…
Smyrna Vinings Mortgage Rate Update
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…
Smyrna Mortgage Rate Update
The Week in Review: Interest rates dropped the first two days last week but then partially moved back up the remaining three days. Overall, interest rates slightly improved. What to Expect: This is a big week of economic news. First, the Federal Reserve holds its FOMC meeting starting Tuesday and releases its Policy Statement on…