Real Estate News, Weekly Mortgage Market Preview

The Week Ahead for Mortgage Rates: October 17, 2011

October 17, 2011 by · Leave a Comment 

Occupy Wall Street Chicago Tribune by James BarathWhat started as a protest on New York’s Time Square, the Occupy Wall Street movement has now spread globally. Today marks one month that the 99% have risen in protest against the 1%.

Speaking of Wall Street, there has been a renewed view the US economy is better than previously thought or estimated. The proof is in the fact that the Dow Jones Industrial Average has now recovered all losses for 2011.

Conversely, mortgage bonds and mortgage rates are taking a beating on the heals of revised outlook that the US economy is improving. There is also a rising belief that the Europe debt problem will be contained. Expect continued volatility on Wall Street as well as the mortgage bond market until a final resolution is made in Europe.

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

Key Economic Reports for Week of October 17th by James Barath

This is The Week Ahead for Mortgage Rates: October 17, 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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