What’s up with Home Loan Rates?
The Week in Review: Home mortgage interest rates marginally decreased this week as the upheaval in the Ukraine has become more of a market force than US economic indicators. Rates moved almost .125% lower. What to Expect: It is an interesting week for economic data. The biggest report of all, the monthly Employment Report –…
Vinings Mortgage Rate Update
The Week in Review: After moving downward for a couple of weeks, mortgage interest rates began the climb upward once again last week. Rates ended close to .125% higher. What to Expect: This is a monster week with two market-moving events on the agenda. First, the monthly Fed meeting and interest rate decision could set…
Smyrna Homebuyer Rate Alert
The Week in Review: Home mortgage interest rates came down a hair last week as Fed Chairman Bernanke attempted to calm the markets by stating accommodative monetary policy will remain in place for the foreseeable future. Rates moved down about .125%. What to Expect: There are a number of economic reports on tap for the…
Smyrna Mortgage Rate Alert
The Week in Review: When Bernanke speaks, the markets listen (and react!). Fed Chairman Ben Bernanke announced the Fed would begin to taper the bond purchase plan this year and likely end the program by mid-2014. The markets were expecting comments about the future of the stimulus plan but were not prepared for such a…
Vinings Home Loan Rate Update
The Week in Review: Home mortgage rates ended the week a bit lower than they started off. This is good news for prospective home buyers, but will it be a temporary improvement in a rising interest rate environment? What to Expect: IT’S ALL ABOUT THE FED! There are a number of important economic reports set…
Home Loan Rates on the Rise
The Week in Review: Thankfully, June is here. The month of May was not kind to mortgage interest rates. Overall, home loan rates moved up around .50%. What to Expect: With the rapid run-up in mortgage rates, will they come back down? The answer: It is possible. The underlying bond market needs a catalyst to…