Build An Honest Team

by traviss on March 21, 2011

video updatemarch 21, 2011

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Build An Honest Team

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Week of: Monday, March 21, 2011  

Present Market Conditions
Interest rates took a slight drop last week. Frank Nothaft, vice president and chief economist for Freddie Mac stated “With the crisis in Japan, investors rushed to buy the security of the U.S. Treasury bonds which lowered its yields and other interest rates as well. This allowed fixed mortgage rates to drift lower this week.”

Expectations
There are a several market moving indicators to watch this week. Today we will see Existing Home Sales numbers come out while New Home Sales are released on Wednesday. Thursday is another big day with Durable Goods Orders and Jobless Claims reports coming out. Friday the GDP will be released.

Guidance
Interest rates continue to remain at historic lows. It continues to be advantageous to purchase or refinance a home.

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