Georgia Mortgage Jumbo Rates News Updates To lock or Float?

Should I lock or not?

Friday's bond market has opened in negative territory with no economic data to drive trading and a positive open in stocks. The Dow is currently up 30 points and the Nasdaq is up 2 points. The bond market is currently down 13/32, which should push this morning's mortgage rates higher by approximately .250 of a discount point.

There are no relevant reports see my blog at www.im4that.com or events scheduled for today that may affect the bond market or mortgage rates. This leaves the stock markets to influence bond trading and mortgage pricing the remainder of the day. If the stock markets remain near current levels, mortgage rates should follow suit. However, a noticeable improvement in stocks could lead to an upward revision in rates later today.

Yesterday's 30-year Bond auction did not go as well as Wednesday's 10-year Note sale. The lackluster results did lead to some selling in bonds late yesterday. That caused some lenders to revise their rates slightly higher before closing. The 10-year Note sale gave us more of an indication of interest in mortgage-related bonds than the 30-year sale did, so yesterday's lack of demand does not cause a great deal of concern. But, it could indicate that investors may have enough longer-term securities in their portfolio, or at the very least nearing that point. Therefore, we will be a little more cautious heading into the next round of auctions.

Next week brings us the release of a handful of relevant economic reports that are likely to impact mortgage rates. A couple of them are considered to be highly important to the markets and have the potential to cause sizable changes in rates. There is nothing of concern scheduled Monday, but the rest of the week includes a very important measurement of consumer spending (Tuesday) and two key inflation readings later in the week, in addition to a couple of moderately important releases. Look for more details on next week's events in Sunday's weekly preview.

If I were considering financing/refinancing a home here in Georgia, I would.... Lock see us at www.atlrates.com or atlantajumborates.com

Atlanta Georgia Mortgage Jumbo Rates News Updates

Monday's bond market has opened flat despite stronger than expected economic data and stock gains. The stock markets are starting the week in positive ground with the Dow up 60 points and the Nasdaq up 13 points. The bond market is currently unchanged from Friday's level, but we will probably see a slight increase in this morning's mortgage rates as a result of weakness late Friday.

June's New Home Sales was today's only relevant economic news posted this morning. The Commerce Department said late this morning that sales of newly constructed homes rose last month by more than analysts had expected. However, this data is not important enough to cause noticeable movement in the markets or mortgage pricing.

The rest of the week brings us six more economic reports and a couple of Treasury auctions that may influence mortgage rates. Today's data was one of the least important of the week and there is no relevant data being posted Thursday. This mea ns that we have six relevant reports for the markets to digest over only three days, which should translate into an active week for mortgage rates.

The Conference Board will post their Consumer Confidence Index (CCI) for July late tomorrow morning. This index measures consumer sentiment, giving us an idea of consumer willingness to spend. If consumers are confident in their own financial situations, they are more apt to make large purchases in the near future. This is important because consumer spending makes up two-thirds of the U.S. economy. If the CCI reading is weaker than expected, meaning that consumers were less confident than thought, we may see bond prices rise and mortgage rates drop Tuesday. Current forecasts are calling for a reading of 51.0, which would be a lower reading than June's and indicate consumers are becoming less comfortable with their finances.

Overall, I am expecting a fairly active week in the mortgage market. With several im portant economic reports on tap, we will likely see noticeable movement in mortgage rates more than one day. The most important report of the week is Friday's preliminary GDP reading, making it one of the most important days of the week. But it is difficult to say which day we can expect to see the most movement in rates as several of releases and scheduled events have the potential to influence mortgage rates.

If I were considering financing/refinancing a home, I would.... Lock

Atlanta Georgia Breaking News Jumbo Rates Lowest since 2003

Atlanta, GA by Peter Bright at Capital City Mortgage Investments writes the rates have not looked this good since 2003. Some fixed options exist at low as 5.5 % FIXED 30 year or 4.625(7 year ARM) with low or no closing costs. If you have at rate higher than 5.75% on either a fixed or ARM it makes to check out the many ways to save money or consider a 15 year term. 15 year terms rates have dipped into the 4% area! This really can allow you to crunch some principle on that jumbo mortgage! Bankrate's website showed this afternoon A.P.R.'s on Atlanta Jumbo mortgage money from 3.25% to 5.54% on a number on loans available. If I can help quote please call or click for a quick quote. javascript:void(0)