Monday's Mortgage Rate Up Date! Memorial Day & Week Ahead!
By Mike Hendrickson, Fine Homes, Short sales, excellent client services
(Premier Agent Network)
Interest rates are heading higher! The market was rattled by the news out from the Fed. that they were going to "tapper" off the buying of treasuries and slow down the QE process! This will led to higher interest rates and place a slowing effect on the housing market! Check out my web site www.myslohomefinder.com for all your home search needs in San Luis Obispo County. The week ahead: Durables Orders for April came in better than expected. However, on average for the core, this means that manufacturing merely is less sluggish than believed last month. New factory orders for durables in April rebounded 3.3 percent after dropping a sharp 5.9 percent in March (originally down 6.9 percent). Analysts expected a 1.1 percent increase. The transportation component gained 8...
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