Low Mortgage Rates for Smart Loan Shoppers
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Low Mortgage Rates for Smart Loan Shoppers |
Interest Rate PredictionJune 14, 2005 LOS ANGELES -- This week's economic calendar has a full schedule. Last week, Alan Greenspan wrapped up the week with a humdrum testimony before congress, which some expected to bump interest rates (it didn't), but aside from that things were relatively quiet in Washington. By way of compensation this week may offer a few surprises which could jar home loan interest rates upwardly a bit. This week I believe rates will be a bit more volatile partly because Tuesday's anticipated Retail Sales and Producers Price Index. Then, on Wednesday, the Consumer Price Index numbers will come-forth. The bottom line is that if either of these reports exceed the prognostications of investors, we can foresee rates will be on the move. By on the move I mean higher. In addition, the Federal Reserve's Board of Governors will continue its campaign to straighten-out overall consumer economic perception across America by roving around the country edifying blundering words made by Fed Chairman Alan Greenspan last week. - Forecast by Stockton Marquette; Mortgage and Home Finance Industry Columnist. © 2006 CMR. All rights reserved. |