189438 Resource 178438 178982 178982 1194900755164 1194900755164 Controlled When Bond Prices Go Up, Home Loan Rates Improve!

Markets Are Closed for Veteran's Day - It Could Be a Volatile Week.

With the market closed on Monday in observance of Veteran's Day, there is no news on rates in Flagstaff or anywhere else. The rest of the week will roar into action with a packed economic calendar, including announcements of retail sales numbers, consumer and producer inflation, and statistics for the manufacturing sector.It seems unlikely that the Federal Reserve will reduce rates again this year, on fears of inflation and volatility at the last cut. But very poor economic news could change that if the Fed believes there is a need for more stimulation. The Fed rate cuts do not directly change home loan rates, but they do influence the price of bonds. Remember that when bond prices move higher, home loan rates improve! Bond prices have overall been trending higher over the last few months, meaning home loan rates on conforming loans have improved in general. Any weak or negative economic news arriving this week should help money flow into the safe haven of bonds, helping bond pricing move higher and home loan rates move lower. But lingering concerns on the credit quality of Mortgage Bonds could hamper their road higher - so this week may be unpredictible. 10 application/xml false 30-year fixed rates 30-year mortgage loans Flagstaff mortgages home loan rates Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 aheitland 70.220.90.168, 66.174.79.234 false true false false true 178975 false false true false false false true 178438 blog blogsite/BestFlagstaffHomes/web