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Smyrna Vinings Homebuyer Rate Alert

By
Real Estate Agent with Atlanta Communities

The Week in Review:

Home mortgage interest rates came down a hair last week as Fed Chairman Bernanke attempted to calm the markets by stating accommodative monetary policy will remain in place for the foreseeable future. Rates moved down about .125%.

What to Expect:

There are a number of economic reports on tap for the week. However, those reports will be overshadowed by Bernanke’s scheduled testimony to congress on Wednesday and Thursday. Everyone wants to know the answer to one question: “What are the Fed’s plans for the future of QE”. You can bet he will get grilled on this topic. The markets will be listening very carefully to what he says. Will he reiterate last week’s calming message?

The markets remain too volatile to float at this time. Lock-in rates when you find a property.

For transactions closing in:

Next 15 Days: Lock

Next 30+ Days: Lock

Courtesy of:

Bob Bregitzer
Southeast Mortgage

Click here to start your Smyrna Vinings home search.

Comments (3)

Rebecca Gaujot, RealtorĀ®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

I agree lock-in rates when you can....my last buyers couldn't lock in on their FHA and their rate was 3.75 not 3.5 as they expected.

Jul 17, 2013 12:44 PM
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
RealtorĀ®, Springfield Mo Real Estate
Definitely lock in rates right now. I see interest rates staying around 5% for awhile. I bet we don't see those 3% rates in our lifetime again.
Jul 17, 2013 09:33 PM
Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Good advice Aaron.  Lock in your rate now. 

Jul 18, 2013 07:44 AM