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Mortgage rates once again begin the week flat

February 14, 2011

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
  • Long-term – LOCK

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

Tuesday

  • Janurary Retail Sales
  • February New York Empire State Manufacturing Index
  • January Import and Export Prices
  • December Business Inventories
  • NAHB February Housing Market Index

Wednesday

  • MBA Weekly Mortgage Applications
  • January Housing Starts and Permits
  • January PPI
  • January Industrial Production
  • January Capacity Utilization
  • FOMC Meeting Minutes

Thursday

  • Weekly Jobless Claims
  • January CPI
  • January Leading Economic Indicators
  • Fed Philadelphia Fed Business Index
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