The Week in Review:
Mortgage interest rates were down about .125% last week as European leaders were unable to agree upon a clear cut solution to Europe’s financial crisis.
What to Expect:
Uncertainty overseas continues to assist in helping keep home loan rates low. Europe’s trials and tribulations will be the financial market’s wild card for the foreseeable future. The Fed holds its last FOMC meeting of the year Tuesday. We don’t expect any changes. There are a number of economic reports later in the week. Inflation, Manufacturing and Jobless claims Reports are announced Thursday and Friday. News from the home front has improved lately. Will it continue?
Breg-ometer:
Next 15 Days: Lock in historically low rates
Next 30 + Days: Any downward rate movement is expected to be minimal; Rates rising from this point is equally likely.
Courtesy of:
Bob Bregitzer
Southeast Mortgage
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