MORTGAGE RATE COMMENTARY

Milwaukee Mortgage Rates Flat

Tweet

 

The last couple of weeks we have seen little change in mortgage rates. We may have seen small adjustments in the secondary market credits. The movement was not enough to push us into a lower rate.

Looking over the events calender for the week there is little on the docket that will push rates in one direction or the other. There seems to be a complacency in the markets. The Fed could rock the boat a little this week. This from Marketwatch.com "The market will focus on “comments by Federal Reserve officials to determine if the current policy is viable given the strong recent jobs reports,” said Michael Yoshikami, chief executive officer at YCMNETAdvisors. “Many Fed watchers are skeptical that the current stated policy to keep interest rates low until 2014 will in fact come to pass.”

Separate speeches Tuesday by Philadelphia Fed President Charles Plosser and Atlanta Fed President Dennis Lockhart may “give clues if there is any concern within the Federal Reserve about stated policy,” he said.

Greece looks like it kicked its problems down the road a little further. Markets seem up beat over the latest austerity vote. That takes Europe out of focus for the week. It looks like the markets could be looking at earnings.

Milwaukee Mortgage Rates are extremely low.