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Mortgage market bearish in face of Chinese rate hike

December 27, 2010

Are you currently in the process of buying a home or refinancing in Chicago or vicinity? Trying to decide when to lock can be a stressful and difficult decision. In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible. Please see my recommendations below.

  • Short-term – LOCK if closing in 15 or fewer days.
  • Long-term – FLOAT with extreme caution.

The week ahead for economic data that can affect mortgage interest rates

  • $35 Billion 2-year Treasury Auction
  • Case-Schiller October Home Price Index
  • December Consumer Confidence
  • $35 Billion 5-year Treasury Auction
  • $29 Billion 7-year Treasury Auction
  • Weekly Jobless Claims
  • Chicago Purchasing Managers Index
  • November Pending Home Sales
One Comment leave one →
  1. December 28, 2010 12:27 pm

    Mortgages can be difficult and a bit overwhelming. home buyer

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