207354 Resource 178438 178984 178982 1213994036621 1214010132050 Controlled Home Mortgage Interest Rates Lower This Week

High Alert to Watch Next Week - As Fed Will Talk On Tuesday & Wednesday!

<p>Mortgage bond prices rose, pushing mortgage interest rates lower.&nbsp; Inflation fears were tamed a bit the early portion of the week as the core producer price index came in exactly as expected.&nbsp; Oil prices remained volatile, but did not push significantly higher.&nbsp; Stocks took a beating, which helped bonds post some nice gains.&nbsp; The DOW dropped below 12,000.</p><p>For the week, interest rates on government and conventional home loans fell by about 3/8 of a discount point.</p><p>The Fed meeting Tuesday and Wednesday will be the most important event in the coming week.&nbsp; There is an abundance of other data that may also move the market.&nbsp; Expect oil prices to continue to factor into trading, as inflation fears remain.</p><p>This next week will bring significant data.&nbsp; However, the results of some of the releases may be muted a bit considering they take place after the Fed meeting adjourns Wednesday.&nbsp; Nonetheless, the inflation release still has the potential to result in market swings, so caution is the key.</p><p>Remember that market sentiment can turn very quickly as has been evident recently.&nbsp; Mortgage bonds could see some volatility ahead of the Fed announcement.&nbsp; It is a safe bet that nobody wants to get caught behind the market if it does make a huge correction following the release.&nbsp; The Fed will set the tone for trading the remainder of the week.&nbsp; If the Fed notes even more concern than they already have regarding&nbsp;inflation, then expect volatility heading into the inflation release.&nbsp; If the&nbsp;PCE Core Inflation&nbsp;shows inflation pressures, it is likely that bonds will see sharp declines resulting in additional spikes in mortgage interest rates.&nbsp; The risks associated with floating ahead of this next week&rsquo;s Fed meeting are high.&nbsp; Lock now if you are closing in the next month.</p> 10 application/xml false economic news Federal Reserve meeting home loan rates inflation mortgage bonds mortgage interest rates Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727; .NET CLR 3.0.04506.30; .NET CLR 3.0.04506.648) 127.0.0.1 127.0.0.1 aheitland 24.121.32.9 false true false false true 178975 false false true false false false true 178438 blog blogsite/BestFlagstaffHomes/web