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After a quiet week, a big, loud noisy one awaits - Rate Lock Report for July 12th, 2010

By
Mortgage and Lending with Province Mortgage Associates - NMLS #2861

Corporate earnings, inflation, Treasury borrowing, will dominate week; Mortgage rates the lowest they’ve ever been – Daily Mortgage Rate Update for July 12, 2010

There's plenty of news coming later this week, after a very quiet, Independance-day-shortened week. Between Treasury borrowing, corporate earnings, manufacturing, inflation, and consumer sentiment, there are a number of rate-sheet influential news releases coming. While there is little indication that the news will lead to lower or higher rates, current pricing levels are so favorable as to suggest that it may make sense to get loans locked in sooner rather than later. 

For a full review of the week to come and the Rhode Island Refinance rate situation, please check out the all new Province Mortgage Associates site.

Dan Hartman is a Senior Mortgage Advisor with Province Mortgage Associates, and serves as an Adjunct Professor of Finance and Economics at Roger Williams University and the University of New Haven. He has been helping homeowners and homebuyers with their mortgage questions for over 10 years.