Vinings Home Loan Rate Alert
The Week in Review: After an approximate 1% upswing in home loan rates over the past couple of weeks, interest rates stabilized and dropped about .125% by weeks end. Will they continue to drop? What to Expect: It’s an important holiday-shortened week for bond and mortgage markets. Fed Chairman Bernanke has targeted unemployment as one…
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 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%…