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- Home Sales Are Back On The Rise After A 2-Month Pullback
- What’s Ahead For Mortgage Rates This Week : September 7, 2010
- August 2010 Jobs Report Pushes Mortgage Rates Higher
- August’s Fed Minutes Lead Mortgage Rates Higher
- Case-Shiller Posts 16th Straight Month Of Home Price Improvement
- Mortgage Rates May Be Low, But They’re Tough To Pin Down — Especially This Week
- What’s Ahead For Mortgage Rates This Week : August 30, 2010
- Home Affordability Rankings For 225 Metropolitan Statistical Areas
- New Home Sales Drop In July — Just Like Existing Home Sales
- Existing Home Sales Plummet In July; Home Buyers Gain Leverage
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Mortgage Rates: Expect volatility for week of May 17, 2010
The Greece & European mess continues to push money into America for safer investments. With more money coming in, it’s helping push mortgage rates lower…for now.
We’re back at the lowest mortgage rates of the year. Levels that we have seen twice this year and immediately jumped higher.
This week’s mortgage rates will be influenced by an absolutely loaded economic calendar. There is home builder sentiment, building permits and housing stocks to gauge housing. We’ll see the price index for both producers and consumers this week. The we’ll get the always-influential jobs reports and Fed minutes from last month’s meeting. Volatile. All week.
We’ve seen mortgage rates get this low in 2010, twice. Once in February, once in March.
Interest rates immediately reversed and jumped higher.
If you haven’t guessed already, our predictions this week are for volatility that ultimately could end with higher rates. If you’re considering whether or not to lock a loan, you stand to lose very little by locking today. Rates have NEVER stayed this low and, worse, when they have moved away from these levels, it’s been to the order of 0.5%, not just a 0.125% increase.
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