Last week was another week where rates ended basically unchanged. There was improvement on Tuesday as news from Syria had traders move to bonds, but those gains were short lived as Wednesday lost as part of a sell off. The conflict in Syria has kept the rates in check despite the positive week in domestic economic data.
This week, rates will see a lot of action based on a large number of economic data releases, as the President asks for support from Congress about taking action against Syria. The next few weeks could be the calm before the storm, as traders await to see what the next FOMC meeting brings on September 18th.
The NAR released the full 2013 Executive Summary, which can be read at:
http://gpp/g;/QE0VFd
You can also view the updated Real Estate Report at:
http://www.newsletterproonline.com/newsletter/originatorpro/?newsletter=true&nid=480&uid=10671
Stay in touch with a qualified mortgage professional to provide you with complete and up to date information pertaining to your mortgage application.
- Michael Corboy
www.specialtyfinancialmtg.com
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