Smyrna Vinings Mortgage Rate Update: Week of November 8, 2010
The Week in Review: What a huge week of news and events. The Fed announced it would inject another $600 Billion into the economy by participating in another round of Quantitative Easing (QE). QE is a program where they will purchase Treasury Securities in a bid to keep the economic recovery on track. The Department…
Smyrna Vinings Mortgage Rate Update: Week of November 1, 2010
The Week in Review: Last week was one of the most volatile we have seen in a while. By Wednesday, rates popped up about .25%. Then, regained some ground to end the week higher about .125%. The significant daily movement was caused by several factors – the biggest being a change in attitude about inflationary…
Smyrna Vinings Mortgage Rate Update: Week of October 25, 2010
The Week in Review: Last week was a mixed bag of economic news. There was reasonably good news for the housing market with Housing Starts being up for the 3rd consecutive month (a measure of confidence in the market) but we also learned the Unemployment Rate stayed the same when some expected it to slightly…
Smyrna Vinings Mortgage Rate Update: Week of October 4, 2010
The Week in Review: While we saw home loan rates fluctuate in both directions, rates ended the week unchanged. The fluctuations were primarily because of a mixed bag of economic data. Consumer Confidence was disappointingly low, while Unemployment Claims and GDP were better than expected. What to Expect: Home loan rates are currently trying to…
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 April 12, 2010
The Week in Review: Volatility continues in the mortgage-backed securities market causing home loan rates to spike in both directions. Home loan rates began the week at the highest level we have seen since August 2009 and ended the week about .25% better. What to Expect: What’s the rate today? Well, it’s likely different than…