We just got this email from WR Starkey, a local lender in Auburn, AL. Thought it was interesting. -Annie
The likeliness of mortgage interest rate volatility this week is very high considering the abundance of important economic releases.
Each piece of data has the ability to cause volatility in the financial markets. Floating ahead of the data exposes a person to a tremendous amount of risk. It is possible for interest rates to improve if the data shows weakness in the economy with few price pressures. However, any surprises will likely be bad for mortgage interest rates.
We are really in uncharted territory here with the huge market swings as of late. The important thing is to remain cautious during these times of uncertainty.