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Jennifer Uranga

Economic News 6-13-2011

Monday, June 13, 2011 - Article by: Jennifer Uranga - Amerifirst Financial Inc. - Message

The Mortgage Backed Securities Markets have currently stalled. But the good news is that Bonds did make a push higher from the morning lows and are for the time being pushed through a technical layer of resistance. This week is going to be interesting and busy week for economic news. No news for today but for the next 4 days we are stacked with Inflation, Sales, Manufacturing, and Consumer financial news that should give an outlook on how bad our economic recovery has stalled. We have seen a growing number of FED officials come out and say how disappointed they are with the recovery at this time. They had a much rosier outlook last month. This could mean a sustained period of low rates.

What does this mean for you? It means that if you have been on the fence about locking your purchase rate for a home or if you have not locked your rates for your refinance you will want to keep a good eye on what this economic news does to the MBS Markets this week. You may be able to take advantage of a few days of rates going just a touch lower than they are or at the very least know they won't be sky rocketing either.

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