Filed under: Daily Mortgage Interest Rate Update, Interest Rates | Tags: Conventional Loan Rates, Credit Union Mortgage Division, CU Mortgage Division, First Mortgage Rate Lock Advice, Olympia Home Loan Rates, Olympia Washington Mortgage Lender, Olympia Washington Real Estate Lender, Washington, William Tuning - Olympia
This Week; is employment week with a lot of key data mixed ion. The interest rate markets should start the week with additional improvement after the Fed extended the time that it will keep rates low clear through 2014. The stock market is likely to continue its sag after the Fed comments last week that the economy is uncomfortably weak. The Fed revising its estimates for growth again last week took some of the wind out of the equity market optimism that was gaining momentum. Last week’s intimal report on Q4 GDP was weaker that was thought, adding to the drag for equities and supporting the bond and mortgage markets.
Nothing out of Europe over the weekend on Greece’s debt crisis. Last week officials were saying a deal would be done by last Friday. Nothing was accomplished. Europe’s stocks will traded weaker adding another anchor for the US markets to drag along.
