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Continued Middle Eastern unrest keeps opportunity alive for mortgage ratewatchers

February 28, 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 – Cautiously FLOAT
  • Long-term – LOCK

Economic data that can affect mortgage interest rates.

Tuesday

  • January Construction Spending
  • February ISM Manufacturing Index
  • February Car and Truck Sales

Wednesday

  • MBA Weekly Mortgage Applications
  • February ADP Non-Farm Private Jobs
  • February Beige Book

Thursday

  • Weekly Jobless Claims
  • Q4 Revised Productivity
  • Q4 Revised Labor Costs
  • February ISM Services Sector Index

Friday

  • February Employment Report
  • January Factory Orders
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