Mortgage market bearish in face of Chinese rate hike

By
Mortgage and Lending with Chicago Bancorp

Are you currently in the process of buying a home or refinancing in Chicago or vicinity? Trying to decide when to lock can be a stressful and difficult decision. In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible. Please see my recommendations below.

Short-term - LOCK if closing in 15 or fewer days. 

Long-term - FLOAT with extreme caution.

The week ahead for economic data that can affect mortgage interest rates

Monday

  • $35 Billion 2-year Treasury Auction

Tuesday

  • Case-Schiller October Home Price Index
  • December Consumer Confidence
  • $35 Billion 5-year Treasury Auction

Wednesday

  • $29 Billion 7-year Treasury Auction

Thursday

  • Weekly Jobless Claims
  • Chicago Purchasing Managers Index
  • November Pending Home Sales
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Illinois Cook County
Groups:
Realtors®
Chicagoland and Northern Illinois Real Estate
Illinois Real Estate
MBA's Unite!
Advice for Buyers
Tags:
chicago
freddie mac
oak park
fannie mae
forest park
river forest
mortgage market commentary
mortgage rate lock advice

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
45,117

Doug Katz

Ask me a question
*
*
*
*
Spam prevention