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Mortgage Rate Market on Tuesday — Waiting on Bernanke and Jobs
A quick note on what’s happening in the mortgage market so far today. In simple terms, it’s on hold.
What? Yeah, we’re treading water waiting for a couple of things:
- Bernanke – waiting to see what Bernanke and his crew say tomorrow when the Fed finishes up their meeting and what impact that has on mortgage rates. I’ll have more on that later today.
- Jobs – Friday we get the October jobs report. It’s always a big report with a lot of ramifications on the overall health of the economy and the direction of employment. Remember, a substantial portion of the foreclosures that are happening are happening because people are losing their jobs.
I’ll have more thoughts on both of these as the week continues. In the mean time, if I can be of help, let me know.
Thanks!
Tom Vanderwell
Technorati Tags: Mortgage Rates
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