Mortgage News, Real Estate News, Weekly Mortgage Market Preview

The Week Ahead for Mortgage Rates: November 28, 2011

November 28, 2011 by · 2 Comments 

Cyber Monday November 28, 2011As everyone recoups from their Thanksgiving feasts, Black Friday shopping extravaganzas, and Small Business Saturday, it is time for Cyber Monday to kick off another action packed week. If you didn’t have the energy or courage to step out this weekend, head on over to CyberMonday.com website to find the best deals online.

Mortgage rates are opening weaker today with stocks rallying on better than expected Holiday shopping on Black Friday and throughout the weekend. We continue to believe that mortgage rates are about at their lows when the 10 year Treasury note moved below 2.00% as it did last week.

Europe continues to play a role in the global bond markets however unless there is an actual default in Greece or Italy, stock and bond markets appear to have discounted the problems in the Euro-zone. Until more negative news unfolds the bond market will be focused more on domestic issues.

This morning New Home Sales report showed sales increased by 1.3% for October but medion new home sales price declined by 0.5%. In other real estate related reports this week, the September Case-Shiller Home Price Index and the September FHFA Home Price Index will be released on Tuesday. Wednesday we will get to hear the September Pending Homes Sales report which should be affecting actual sales in November and December.

This week has a number of other key data points beside the daily report on retail sales this holiday season. Tuesday is November Consumer Confidence. On Wednesday the headlines will be filled with November ADP Employment on non-farm private jobs, November Chicago Purchasing Managers Index and the Fed’s Beige Book. Weekly Jobless Claims and November ISM index will be released on Thursday.

November Employment Report (non-farm jobs +118K, non farm private jobs +133K and the unemployment rate at 9.0% unchanged from Oct) will be released Friday morning. This most important report could set the tone for the rest of the Christmas holiday on whether consumers will remain optimistic or turn into the Grinch.

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

Key Economic Reports for Week of November 28th by James Barath

This is The Week Ahead for Mortgage Rates: November 28, 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!

Related Posts Plugin for WordPress, Blogger...
Be Sociable, Share!

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!

More Posts - Website

Follow Me:
TwitterFacebookLinkedInPinterest

  • What Is Your Home Worth in Northwest Indiana and the suburbs of Chicago Illinois?

Comments

2 Responses to “The Week Ahead for Mortgage Rates: November 28, 2011”

Trackbacks

Check out what others are saying about this post...
  1. […] About the Author:  James K Barath is a Certified Mortgage Planning Specialist, qualified liability advisor 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 Barath today for your Borrow Smart Analysis – the CALM Approach to Borrowing !  His Motto: I Facilitate the American Dream Through Responsible Mortgage Lending and Financial Literacy!Source: welcomehomenwi.com […]

  2. […] About the Author:  James K Barath is a Certified Mortgage Planning Specialist, qualified liability advisor 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 Barath today for your Borrow Smart Analysis – the CALM Approach to Borrowing !  His Motto: I Facilitate the American Dream Through Responsible Mortgage Lending and Financial Literacy!Source: welcomehomenwi.com […]



Speak Your Mind

WelcomeHomeNWI.com