Market Overview, Mortgage News, Weekly Review

What’s News for Mortgage Rates This Week: December 27th

December 27, 2010 by · Leave a Comment 

Empty Shopping Mall at Tysons Corner by Bill O'Leary | WashingtonPost.comThe day after Christmas is traditionally one of the busiest shopping days of the year only second to Black Friday. Since the holiday fell on a weekend and an extended weekend for many, there was much anticipation of ending the year with a retail bang on the heals of growing Consumer Confidence.

Now that the weekend has past and a blizzard has crippled the East Coast, the holiday cheer is beginning to fade. Along with the many families who were stormed in and/or opted to take this week off to enjoy the holiday season, Wall Street bankers and investors have also done the same.

Needless to say there are still a few economic reports scheduled for release this week. Initial and Continuing Jobless Claims Reports will be reported on Thursday as usual in addition to the high impact Chicago PMI (aka. the Business Barometer).

Still looking for a holiday gift that will give back all year round? If you’ve been thinking about buying a home or refinancing your existing home, the good news is that home loan rates are still attractive right now.

This is What’s News for Mortgage Rates This Week: December 27th.

Quick general rule of thumb when keeping an eye on mortgage rates.

Strong Economic News: $$$ from Bonds —> Stocks = Home Loan Rates Worsen

Weak Economic News: $$$ from Stocks —> Bonds = Home Loan Rates Improve

Want to see what other economic reports might impact home buyers and home refinance options in the coming week? Visit the Mortgage Market Update and check out the Economic Calendar.

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James K Barath, CMPS®

James K Barath is a Certified Mortgage Planning Specialist®, Certified FICO® Professional, Certified Military Housing Specialist® and your FHA Home Loan Expert. He is also a graduate of Purdue University, The CMPS Institute, Dale Carnegie Human Relations Course & Napoleon Hill Foundation's PMA Science of Success Class. It's your home and your future. It's his profession and his passion. He is ready to work for your best interest. Contact James for your FREE Home Loan Approval !  His Motto: I Facilitate the American Dream Through Responsible Mortgage Lending and Financial Literacy!

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