Sunday, March 13, 2011

Mortgage Market Guide Issue 11

Last Week in Review: Our hearts and minds - as well as the markets - were moved by the tsunami in Japan and unrest in Saudi Arabia. Read how both impacted Bonds and home loan rates!

Forecast for the Week: Double dose after double dose hits the news wires this week. Find out what to watch and why!

View: Discover the pros, cons, and interesting tidbits about Daylight Saving Time, which begins this week.

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result.

So what should you do if you or someone you know is in the market for a new home?

The bottom line is that even if housing were to drop a little further in some areas, the affordability coming from today's rates serves as a backstop against any moderate price reduction. Remember, housing will likely be in a much better position in the second half of the year and at that time rates could be a bit higher. Now’s the time to take advantage of the combination of low rates and affordable housing. Call or email today to get started.

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