Mortgage rates dipped near the four percent mark last week, but have otherwise not moved much from the recent lows of the week before, and actually the week before that, as well. The reason for the lack of movement could be that market participants are hunkering down in anticipation for what this new week holds – economic reports and important meetings that could heavily impact interest rates in the long term.
A recent report from
The same article continues: "Right now, the expectation for this stimulative move has made it very unfashionable for the likely beneficiaries to act as if they won't benefit. More simply, the safest European debt along with US Treasuries would certainly benefit from the potential policy announcement (meaning rates would fall). Because markets are reasonably sure at least some of the potential changes are coming, they're already out ahead of them (meaning that rates have fallen in anticipation of having reason to fall next week)."
Blue Home Loans explains that while the potential for rates to go down after this week could be very promising, borrowers should still be cautious. The fact that many lenders have already repriced to account for expected changes at the end of this week could mean a bounce much higher if the information following this week's reports and meetings fails to live up to these expectations. Because of this possibility, the
Blue Home Loans can help
For more information on how Blue Home Loans can help
Read the full story at http://www.prweb.com/releases/blue-home-loans/mortgage-rates-california/prweb11904572.htm
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