The Weekly Kevin Martini : Last week was a great week! Raleigh home loan rates ticked to their lowest levels of 2011. Now the last time they hit their low – they significantly jumped up meaning higher home loan rates. Speaking of higher, so is the Average Hourly Rate – it ticked up to $22.95 an hour . In the past year Average Hourly rate has increased just under 2%. Now the big new was last week when the Labor Department released its Job Report. It was big – in face this report was the biggest since 2006 – 244,000 jobs were created!
The world is a big place @ events across the world do effect Cary home loan rates. For example…this past Friday there was some news that Greece would be pulling out of the European Union – this was helpful tot the bond marker. Remember, Cary home loan rates come from the bond market The nemesis to the bond market is inflation – just think last week we learned that more people are employed and making more money per hour – sooner or later inflation is going to pop up & sat “HELLO!”
Today Cary home loan rates represent an opportunity & folks there are a ton of homes in the Triangle of North Carolina ( to name a few… Raleigh – Cary – Durham – Morrisville – Apex – Holly Springs – Garner ) that are not only “FOR SALE but they are “ON-SALE”!!!
Don’t miss the opportunity to save – call the office (919.858.0023) to schedule an appointment to discuss how the current home loan rate environment can help and your family with a refinance or a new purchase.
This week there will be a Treasury Auction we will see the CPI reading & the PPI reading too – plus we will see what you, the consumer, are saying. The Consumer Sentiment is so very important because the level of consumer sentiment is directly related to the strength of consumer spending.
I will close with a Kevin Martini fact: consumer spending accounts for 2/3 of the economy.
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