Interest Rates outlook for January 15th-21st

The outlook for interest rates in the coming week (January 15th – January 21st) is looking a little rocky.  This past week, government and conventional loan rates rose by about 1/2 of a point as mortgage bond prices fell, and fear of inflation dominated trading activity.  We expect that rates will probably climb a little bit until Wednesday, when several Economic Indicators are announced.  If these indicators – including the Producer Price Index, Industrial Production and Capacity Utilization – come in weaker than expected than it’s likely we’ll see rates drop a little bit in the coming weeks.

Despite the fact that all of that mumbo jumbo sounds ominous and depressing,  rates still remain historically low so if you’re considering a refinance or purchase it’s still a great time to capitalize!  Email me and let’s talk about how we might be able to help!

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