What's Ahead For Mortgage Rates This Week - October 21, 2013

Many of the economic and housing reports typically scheduled were delayed by the federal government shutdown. 







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October 21 2013 - Hinsdale
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Thanks for the update.
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October 21 2013
Profile picture for sunnyview
Everyone is aware of the shutdown. The question is what does that mean for rates moving forward? The Washington Post feels that lower home sales may be ahead, but only time will tell what rates will do to supply.
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October 21 2013
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October 21 2013
With the volatility and sensitivity in the market we are still vulnerable for a big moves in either direction. Last weeks big gap up in bonds (lower rates) leaves support for bond prices to settle and close the gap (increase rates)

However if during this weeks reports we continue to see further signs of economic slowing we are still in a position for a continued Bond rally that would lower rates even more.

Anything can happen, we are at the bottom of the trend in rates over the last 3+ months, I would lock and not try to time the market.
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October 21 2013
 
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