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What’s News for Mortgage Rates This Week: March 14th

March 14, 2011 by · Leave a Comment 

Scenes From the Japan Earthquake and Tsunami by Yomiuri Shimbun | Getty ImageTo all the families affected by the earthquakes and tsunami in Japan, our prayers are for a safe return to a normal life.

This week the bond and equity markets face the problems coming out of Japan and the FOMC meeting on Tuesday. The economic data, while always important, is a little less significant now while investors try and handicap the global economic importance of the impact of Japan’s earthquakes.

In regards to the Fed Meeting on Tuesday, we are not looking for anything significant from the meeting. The FOMC statement will likely be about the same as in the past.

Two reports on inflation with Producer Price Index and Consumer Price Index are due out on Wednesday and Thursday. Inflation continues to get attention although there isn’t any now, nor any on the horizon.

Weekly Jobless Claims are expected to be lower on Thursday. Meanwhile, the Philadelphia Fed Business Index should show signs of improvement on Thursday.

Mortgage bonds have rallied as of late to benefit those in the home loan process. That said, mortgage rates are temporarily tied directly to stock market direction; a rally in equities will push mortgage rates higher and could change the dynamically overnight. The calendar this week has the following key economic reports:

Key Economic Reports for Week of March 14th by James Barath

This is What’s News for Mortgage Rates This Week: March 14th.

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

If you or someone you know is thinking about buying a home, the combination of low home loan rates and affordable home prices make this an ideal time to buy a home. Want to know if you can afford a new home? Call or text me at 512-522-7284 to discuss your personal situation and your home loan options!

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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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