After hitting all time historical lows last week, mortgage rates have opened up this week flat, with little to no change from last week. We start the week with news of the death of Kim Jong il, which may play a role in the market in the future, but seems to have little affect on mortgage rates today.
There are several economic reports being released this week with the ability to change mortgages rates, with the GDP and Jobless Claims data being released later in the week.
Trading Volume, Volatility and Your Mortgage Rate in the Week Ahead
The markets will likely be quiet as we move into the final weeks of the Holiday Season, but low trading volume in the Equity and Bond markets can lead to volatility. Since we are at all time historical lows, waiting through the next few weeks may be risky. If you need help deciding if a rate lock is the best move for your needs, we can help.
Economic Calendar for Week of December 19, 2011
- Monday – Housing Market Index
- Tuesday – Housing Starts
- Wednesday – Existing Home Sales
- Thursday – GDP, Jobless Claims, Consumer Sentiment
- Friday – Durable Goods Orders, Personal Income and Outlays, New Home Sales