Smyrna Mortgage Rate Update
The Week in Review: Interest rates dropped the first two days last week but then partially moved back up the remaining three days. Overall, interest rates slightly improved. What to Expect: This is a big week of economic news. First, the Federal Reserve holds its FOMC meeting starting Tuesday and releases its Policy Statement on…
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 November 29, 2010
The Week in Review: Hope everyone had a Happy Thanksgiving! Interest rates started to improve at the beginning of the week, but once again ended the week about .125% higher as volatility struck once again. Last week marks the third week in a row we have seen interest rates increase. What to Expect: This week…
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 11, 2010
The Week in Review: Home mortgage rates ended the week about .125 to .25% better due to a poor unemployment report and additional speculation that the Fed will provide support to the economy. Rates just dropped below the recent low point on Thursday only to trickle back up a bit Friday (a repeating pattern we’ve…