Danny Salas

Chico, CA Interest Rates Market Report – Economic Influences – April 1, 2010

Volatility Is Back With A Vengeance!

The Best Jobs Numbers In Three Years!

That’s what we may see tomorrow.  So, you’d better lock in your interest rate ahead of this news.  Forget the fact that we still will have over 5,840,000 people claiming Emergency Unemployment Compensation (EUC), that’s not even factored into the 4,660,000 plus people who are figured into the continuing Unemployment Claims.  Rates will increase, news stations will celebrate, politicians will be patting their own backs, and for what?  Simply a manner by which we report these statistics, as opposed to the real numbers.

This Is It!

One day at a time…that’s what we’ll have to be prepared for, as the $1.25 Trillion Government Purchase Program for Mortgage-Backed Securities HAS ENDED! In order to attract sideline investors, other than the U.S. Government, yields, and therefore interest rates, will have to be higher.  PERIOD!

Highest Yields Since January 2009

Locking Advice

Refer to paragraph one!

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This entry was posted on Thursday, April 1st, 2010 at 9:43 am and is filed under Chico Home Loans, Home Buying, Interest Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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