Smyrna Vinings Interest Rate Update
The Week in Review: Interest rates ticked up at the end of the week as the Department of Labor’s Job Report showed that job growth was stronger than expected. The good news pressured the bond markets and caused rates to marginally move up. What to Expect: It’s a slow week for scheduled economic reports. The…
Smyrna Vinings Mortgage Rate Update
Interest Rate Update for the Week of March 14: This week’s update will be in a different format than usual. The destruction caused by the earthquake and tsunami in Japan last week will continue to create market reactions around the globe. This update will be focused on the current and possible future impact to the…
Smyrna Vinings Mortgage Rate Update – Week of February 7, 2011
The Week in Review: Well, it was a particularly bad week for mortgage interest rates. The combination of stocks improving, the unemployment rate decreasing and prices of commodities and food rising has created a triple wammy for rates. Rates are up on the week by .125% to .25%. What to Expect: It’s a quite week…
Smyrna Vinings Mortgage Rate Update – Week of January 3, 2011
The Week in Review: Happy New Year! The week between Christmas and New Years proved to be a volatile one. Although we saw big swings in both directions, interest rates ended the week slightly better than they started for the first time in five weeks. What to Expect: Why not start out the first week…
Smyrna Vinings Mortgage Rate Update Week of December 20, 2010
The Week in Review: Home loan rates ended the week just a bit higher for the fifth straight time. By Wednesday, rates shot up to a seven month high but recovered some by the end of the week. What to Expect: It will be a holiday shortened week with the Bond Market closing at 2:00pm…
Smyrna Vinings Mortgage Rate Update: Week of November 15, 2010
The Week in Review: On November 3rd, the Fed announced a second round of Quantitative Easing (QE) for the purpose of spurring along the economy and to keep interest rates low. The initial reaction to the news did cause home loan rates to move slightly lower. However, we warned last week that the markets did…