Mortgage Outlook for 12/5/2011This week starts off with a couple pieces of economic data relating to factory orders and manufacturing that are going to be released this morning. The rest of the week is rather light on economic data with Jobless Claims data being released on Thursday and International Trade / Consumer Sentiment data being released on Friday.

Europe Moving Forward and Mortgage Rates

The market will continue watching Europe and new meetings between European leaders this week.  European leaders are refining their efforts to complete a deal to address the European debt crisis.

Good news coming out of Europe will result in a possible negative affect on mortgage rates (as is the case this morning, with more positive talks occurring in Europe over the weekend) and negative news out of Europe will help keep rates at current levels or push them lower.

Economic Calendar for Week of December 5, 2011

  • Monday – Factory Orders, ISM Non-MFG Index
  • Tuesday – n/a
  • Wednesday – EIA Petroleum Status Report
  • Thursday – Jobless Claims
  • Friday – International Trade, Consumer Sentiment

Where Are Mortgage Rates Now?

Mortgage rates change on a daily basis and can even change multiple times per day. This means that to get the most up to date mortgage rates, all you need to do is call us for a free no-obligation mortgage quote. More importantly, we can help you understand which loan program fits your needs the best.

We can also help answer questions relating to your credit, credit score(s) and help pre-qualify you for a new home purchase.