Market New

Wow, the last few weeks have been amazing and much welcomed! I hope you have seen your activity speed up as well. We have taken more loan apps then I can last remember and our team's pipeline is swelling. On Friday, I locked a client's 30 year fixed loan at a rate of 4.5%!

With rates as low as they are and house prices easily affordable, clients are clamoring to take advantage of the market.

The Forecast for this Week:

The Fed's purchasing program will continue to be something to watch in the weeks and months ahead, and there are also several reports that may impact whether Bonds and rates continue to explore new territory during this coming week.

On Wednesday, we will see the Retail Sales Report for December, and since many retailers have already said this holiday season was the worst in a long time, it wouldn't be a surprise if this is a horrible report...which could be friendly for Bonds and home loan rates.

This week also brings news on the inflation (or deflation) front, with Thursday's wholesale measuring Producer Price Index (PPI) Report and Friday's Consumer Price Index (CPI) Report. With the recent concerns on deflation, it will be important to see which way these reports have moved, and what the impact may be on home loan rates.