Mortgage Rate Update – Week of October 13, 2008
October 17, 2008 by Aaron Hofmann
Filed under Financing
Chicken Little, the sky isn’t falling…it only feels that way. The financial markets around the world plunged last week despite government intervention. After announcing they would purchase commercial paper, the Fed dropped the short-term Fed Funds Rate by .50%. However, uncertainty and fear filled the marketplace and the markets spiraled downwards.
Home loan rates went up about .50% higher than where they started!
What to expect:
Expect more volatility. We are seeing and will continue to see daily market movements that once took weeks. We will certainly see the government take additional steps and we should see some interesting headlines. We also have an active week with scheduled economic reports.
Trying to accurately pick the direction of home loan rates this week is honestly a bit futile. So, I’ll leave you with an opinion. Home loan rate should recover from last week if we can get confidence back in the market. We are in a slow economic period and that should bring rates back down. The question is “when”.
Breg-ometer:
Next 7 days: All over the place
Next 30 – 90 days: Conditions are right for rates to come down from this level
Courtesy of:
Bob Bregitzer
[tags]Roswell Mortgages, Atlanta Mortgages[/tags]
[where: 30075, 30076]
Possibly Related Posts:
- Is It Time to Refinance?
- Georgia Rides to the Capitol
- First-time Homebuyer Tax Credit
- New Program Modifies Mortgages to Help Stabilize the Real Estate Market
Taste of Roswell Food Festival at the Roswell Town Square
October 17, 2008 by Carl H. Martens
Filed under Events
| October 18, 2008 | ||
| 12:15 pm | to | 2:15 pm |
Roswell restaurants will offer delicious tastes of their favorite foods at the Roswell Town Square. Relax and savor the flavors of Roswell and savor the flavors of Roswell while you will enjoy listening to the sounds of the region’s favorite bands. Entertainment will be provided by Gold Rush, Old Enough to Know Better and Hair of the Dog. Taste tickets are 50 cents each and food is priced from 50 cents to $3.00. There is no charge for admission to the festival. Festival begins at 12:00 noon. For more information call 770-640-3253
Possibly Related Posts:
- Barrington Hall Cooking Classes
- Bring One for the Chipper 2012
- Annual Candy Cane Hunt is this Friday!
- Enjoy Breakfast With Santa This Saturday
- Don’t Miss the Candlelight Tour of Homes at Roswell’s Historic Sites
