Vinings Mortgage Rate Update
The Week in Review: The month of May has not been kind to mortgage interest rates. Although economic news was mixed last week, the upward trend that started at the beginning of the month remains intact. Interest rates moved higher by approximately .125% on the week. What to Expect: There are several economic releases at…
Home Mortgage Rate Update
The Week in Review: Home mortgage interest rates remained unchanged last week. We did get some good news that housing starts are on the rise indicating continued strength in the housing market. What to Expect: This week we will get a number of economic reports including Gross Domestic Product for the first quarter. 170 of…
Smyrna Vinings Mortgage Rate Alert
The Week in Review: News Flash: Rates did not rise last week (applause). In fact, mortgage rates decreased slightly. After a long run upward, mortgage interest rates appear to be taking a breather. What to Expect: We obtained some breaking news over the weekend about possible bank failures in Europe. The headlines once again bring…
Smyrna Mortgage Rate Update
The Week in Review: The trend we have seen for the past several weeks remained intact last week. Stock market moving higher, bond yields increasing and home mortgage rates once again going up. On the week, rates moved higher about .125%. What to Expect: The current trend has been in place for a long period…
Home Loan Rate Update
The Week in Review: Happy New Year! Home mortgage interest rates moved higher at the end of last week when the minutes of the Fed’s last meeting was released. The minutes revealed that most members of the Fed felt the mortgage-bond buying program (quantitative easing) would likely end in 2013. Rates moved up about .125%…
Mortgage Rate Update
The Week in Review: Home mortgage interest rates continued the climb uphill last week; the third week in a row. Mortgage rates went up about .125%. What to Expect: The recent climb in rates has happened for two reasons. First, there is a more relaxed feeling about the European debt crisis. Meetings of Euro leaders…