Raleigh Mortgage Rates Are Low – The Weekly Kevin Martini

Raleigh Mortgage Rates Are Low – The Weekly Kevin Martini

Raleigh Mortgage Rates are low – The Weekly Kevin Martini. Folks, there was a ton of volatility during the middle of last week week however Raleigh Mortgage Rates ended nearly unchanged. So there was weak manufacturing data offset the higher than expected inflation readings. Similarly,increased social unrest in Greece early in the week was balanced by renewed hopes on Friday for a quick solution to Greece’s debt problems.

The current economic outlook, which includes expectations for tame inflation, has supported low Raleigh Mortgage Rates. The monthly inflation reports released this past week caused investors some concern, however the May Consumer Price Index (CPI) rose 0.2% from April, which was above the consensus forecast, and CPI was 3.6% higher than one year ago, that is huge, which was the highest annual rate since October 2008. Core CPI, which does not include food & energy, increased at a 1.5% annual rate, also above expectations, and up from 1.3% last month. Now, it is important to know that the inflation readings in China rose to the highest levels since July 2008. While it will take several months of unexpectedly high data to signal a trend…I & investors will be closely watching for signs of a rapid increase in inflation, which would be negative for Raleigh Mortgage Rates.

The housing sector data released this past week was stronger than expected! May Housing Starts rose 4% from April, which was well above the consensus forecast. Building Permits increased 9% to the highest level since December.

The big story this week will be Wednesday’s Fed meeting. No change in rates is expected, but investors will be seeking hints of any additional monetary stimulus to boost the economy. Existing Home Sales will come out on Tuesday, and New Home Sales will be released on Thursday. Durable Orders, an important indicator of economic growth, will come out on Friday. Then the final revisions to 1st quarter 2011 GDP will also be released on Friday.

Folks, Raleigh Home Loan Rates still remain near some of the best levels we’ve seen this year & it’s important to take advantage of these levels while they remain. If you have been thinking about purchasing or refinancing a home, call or email me to learn more about why now is a great time to benefit from today’s historically low rates.

Please forward this newsletter on to someone you know who may benefit.

Raleigh Home Loan Rates & The Weekly Martini

Raleigh Home Loan Rates & The Weekly Martini

Raleigh Home Loan Rates are amazing & so are Cary Home Loan Rates. If you are Buying a Home in Raleigh or if you are Buying a Home in Cary…I must share there are some amazing opportunities out there & this weekend echoed the sentiment. WOW, there were a ton of open houses this weekend.

Speaking of a ton – there was a ton of data that hit the wires last week too…here is the Kevin Martini, your trusted mortgage advisor, take on the data that came in last week. We are on the super highway and we are simply taking our foot off the accelerator as we are going into the curve before the straight-a-way — after the curves get your sunglasses ready!!! Then I think we will need to quote Sammy Hagar when he was with Van Halen — “I can’t drive 55”!

Dankeschön to the Germany’s for helping out the Greece! Yes, this is a short-term plug however it will help the Greece get some more time to resolve things.

Yes, the job number was weaker than many expected however the hourly earnings component of the report exceeded expectations.

Have you heard of the Case-Sciller? So there is a report called the Case-Shilller Home Price Index & it was released last week. It is supposed to be the “national index for home prices” – folks, real estate is local! You know what else is local – the weather. If I used a “national weather forecast” today – I would have worn jeans & long sleeve shirt & brought an umbrella because it was going to be cloudy with a strong chance of rain with a high temp of 68 degrees. The reality here in Raleigh, NC the weather was HOT & SUNNY – just like the Raleigh Real Estate Market. Knowing what the national temperature is irrelevant to you if you are selling in Raleigh, NC or buying in Cary, NC I simply do not get it.

Raleigh Home Prices are still very affordable…Raleigh Home Loan Ratesare very attractive & @ 50 year lows – these are facts folks – please let me know how I can help. We can look at your situation & develop a custom plan for home ownership & make sure you are “Buyer Able”. My direct number is 919.274.3700 or you can always email me at:

Kevin@KevinMartini.com

You know what I say & so do many very smart people… “friends don’t let friends get a mortgage with anyone but The Kevin Martini Group (www.KevinMartini.com).”