HomeLoans Blog

Rates improved early this week based on the Federal Reserve statement indicating weakness in the economy.

Later in the week, rates move sharply back up - still in a low trading range, but a definite shift in the direction of the trend.

This shift was largely based on surprising improvement in pending home sales.

The real question is what new range or trend will be established next week. It is a week with little economic news. This past week was packed full. I hope next week traders can find a range that we can predict.

Here is a video with my review and look forward.

Have a great Labor Day Weekend.