Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

A Look Ahead For Mortgage Rates This Week : Feb 14, 2011
MARKET COMMENT Georgia Mortgage interest rates moved higher last week ending FEB 9 2011. The FED's Treasury auctions were mixed. The 3YR auction showed weak foreign demand and resulted in a sell off following the results. The 10YR auction was decent and helped keep things in check while the 30YR auction didn’t move the market much. Weekly jobless claims came in at 383k, lower than the expected 410k. That data pressured rates higher. There were some positive movements Friday morning following weaker than expected consumer sentiment data but not enough to recover all the earlier losses. Mortgage rates ended the week higher by a disappointing 3/8 of a discount point. The Treasury will have a 30Y TIPS auction Thursday afternoon. If demand falters rates could be adversely affected.  LOCK in mortgage rate in before Thursday if you can.
A LOOK AHEAD FEB 14 2011 FOR GEORGIA MORTGAGE RATES WORLD RATES China's central bank raised rates for the third time in four months to help ward off inflation as food and energy costs continue to rise. A drought in China is threatening the wheat crop, which is adding further pressure to commodity prices. Other emerging economies are also fearful of a spike ... more

__________________________________________________
Are you on The Rain? Grow Your Network!