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The Week Ahead for Mortgage Rates: September 19, 2011

September 19, 2011 by · Leave a Comment 

City by grki | iStockphoto.comWith the fall season making it’s presence known, seeking green sprouts in the economy and the real estate industry is becoming more difficult. This week has plenty of opportunities to showcase a new glimmer of hope with several key economic reports and the FOMC Meeting on Wednesday.

Although home loan rates did increase last week, this week could be a market mover as all eyes will be on the FOMC Announcement and exactly how Bernanke will implement a potential new initiative to stimulate the economy. Based on the failure of Quantitative Easing and Quantitative Easing 2 to stimulate the economy there is a lack of overall confidence on what can really be done by the FED.

Homeowners and home buyers will want to pay close attention to both the August Housing Starts and Single Family Permits released on Tuesday, as well as the August Existing Homes Sales on Wednesday and the FHFA Home Prices on Thursday.

Although much attention will be given to domestic news this week, we must remember to listen to the financial negotiations between the European Union and the International Monetary Fund on the economic viability of Greece.

The economic calendar this week has the following key economic and financial reports:

Key Economic Reports for Week of September 19th by James Barath

This is The Week Ahead for Mortgage Rates: September 19, 2011.

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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