Last Week in Review: There was more negative news out of Europe and some positive economic news here in the US. But how did home loan rates fare?
Forecast for the Week: There will be plenty of news to gobble up before the Thanksgiving holiday, with reports on the housing market, the state of the economy, inflation, consumer sentiment, and more.
View: Planning to do some shopping on Black Friday? Be sure to check out these tips first.
Click here for this week's Mortgage Market Guide
Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result.
The bottom line is that home loan rates are still near historic lows, which means now remains a great time to purchase or refinance a home. Let me know if I can answer any questions at all for you or your clients
No comments:
Post a Comment