The Week in Review:
Last Friday’s Jobs Report showed that 80,000 new jobs were created in October. While increasing the number of jobs is good, the report came in below expectations. On the week, mortgage interest rates ended unchanged.
What to expect:
It is a slow week for scheduled economic reports. News from Europe once again will play a big role in market movements this week.
Italy is the next European country to be brought under the microscope. Italian leaders will be in talks this week to hash out a plan for their financial struggles.
Home loan rates remain at all-time lows. While there is a possibility rates could come down further there is an equal chance they could move upward. Take advantage of them while they are around.
Breg-ometer:
Next 30 Days: Lock
Next 30+ Days: Rates still can move lower
Courtesy of:
Bob Bregitzer
[where: 30080]