We have just
come off the holiday weekend and ready to begin a new month. Several reports that effect our economy will
be out this week, but housing market reports for November won’t be out until
the middle of the month. Look for those
then.
Here are our
thoughts for the month of December, home loan rates seem to be holding at an 18
month low. Building permits for new
housing reached it’s highest level since last year, a good indication that
builders still believe there is a strong market for new homes going
forward. Both signs of the housing
market being strong.
From reports
early this morning there was less than expected spending for the Black Friday
weekend, which means inflation is in check.
Remember inflation is a key factor in the bond market and the bond
market is tied to the mortgage rates. We do have several reports coming out
this week that effect the economy, and of course today is the big online
shopping day, but at this point it looks like mortgage rates may stay low for
the month of December. Making this still
a great time to buy a home.
Have a great
week and enjoy the big countdown to a new year and all the events this season
has to offer.
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