The Week in Review:
Home loan rates once again move down to all-time lows. Mortgage rates moved about .125% lower as economic reports of the week pointed to a lackluster economy.
What to Expect:
First and foremost, mortgage rates are at unbelievable levels. It is time to act. The Fed is trying very hard to stimulate the job market and the overall economy by providing additional stimulus. Once the economy ramps up, rates will move upward.
We’ll see the monthly Jobs Report Friday. It is an important one for the financial markets and for the Presidential debates coming later in the month. All eyes will be waiting and the market will be placing bets based on the outcome.
For transactions closing in:
The Next 15 Days: Lock in these insanely low rates
The Next 30 to 90 Days: The market has a chance to go either way. The adventurer may want to float, but I say bank it and lock it in.
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