Here's what you need to know about Smyrna Vinings mortgage rates.
The Week in Review:
We all know employment is the key to economic recovery and the Jobs Report is the most anticipated commentary of the month. So, when Friday’s Jobs Report came in much lower than expectations, it created significant market movement. On the week, mortgage interest rates were down about .125%.
What to Expect
Friday’s Jobs Report sends a loud message: we’re not out of this yet. This is a week where we have very little new economic data and the lingering taste of the poor Job’s Report is likely to affect the market throughout the week. Also, coming into the spotlight last week was renewed issues in Europe. Spain, Italy, Ireland and Greece all were being talked about.
Two questions: 1) What will home loan rates do? and 2) Was the Jobs Report an indication that the economy is not improving the way many thought? Figure out the second question and the first is easier to determine. Uncertainty creates opportunity. Go ahead and lock in to these improved rates.
Breg-ometer
Next 15 Days: Take advantage of the improvement; volatility ahead
Next 30 + Days: Neutral – the next month of economic data will help determine if the Job’s Report was just a bump in the road.
Courtesy of:
Bob Bregitzer
Southeast Mortgage
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