Brought to you by
Roger Rabbit, Loan Officer
(888) 777-5555

Forecast for the week of May 26, 2020

Knowing where interest rates are headed may help you to obtain a lower rate or lower fees.

Please enjoy this complimentary interest rate forecast to keep you informed of where interest rates may be headed, to help you gain the advantage when securing low rates and payments.

Last Week's Mortgage Rate Recap

Rates remained low

Average mortgage rates among lenders worsened early in the week before improving steadily to end the week slightly better.

This Week's Mortgage Rate Forecast

Mortgage Rate Forecast: Rates likely to remain low but could worsen slightly

Mortgage rates are likely to stay low this week, but could get slightly worse to end the week. For some borrowers rates will remain the same but they may see slightly higher or lower closing costs or points at different times during the week.

What's affecting rates this week:

• The technicals: Bond technical indications signal slightly worse rates and pricing could be possible this week as mortgage bonds break the 50-day moving average.
• Housing data: Housing data this week is helpful for gauging where the housing market is headed, but is not likely to have a direct effect on rates.
• Economic data: Lots of economic data this week, including data on GDP and inflation, could affect rates slightly.
• The Fed: The Fed continues to buy Treasuries and mortgage bonds, helping to keep rates stable and low.
• Economy reopening: Investors are monitoring economic recovery and COVID-19 activity as states continue to reopen, and investor optimism could pressure rates slightly this week as stocks benefit.

If you would like to discuss interest rates further or find out the benefits of locking your rate today, please contact your mortgage professional at (888) 777-5555 or jayhemmer@gmail.com.

Interest Rate Forecast and Commentary provided by:

All information provided is for informational purposes only, and we assume no responsibility to any person who relies on information contained in this report, and disclaim all liability in respect to decisions or actions or lack thereof based on any or all of the contents of this report.

It is never our intention to send you spam. You're getting this email because you know the mortgage professional above.

If you don't want to receive future monthly emails like this one, please
CLICK HERE TO UNSUBSCRIBE