Mortgage Weekly Update - Last Week in Review
Foster Weeks publishes a weekly mortgage report which is updated every Monday morning. How is this affecting the San Francisco real estate market? Read our weekly and monthly market reports."YOUTH IS WHEN YOU'RE ALLOWED TO STAY UP LATE ON NEW YEAR'S EVE. MIDDLE AGE IS WHEN YOU'RE FORCED TO." Bill Vaughn And battle weary Traders may be looking to hang it up early for the night, after enduring days and weeks on end of extreme market volatility. And last week was no exception, as the assassination of former Pakistani Prime Minister and current opposition leader Benazir Bhutto brought on even more volatile moves in the markets.
There is global concern over the possibility that the Pakistani government may become destabilized - and if this should happen, which political faction may end up in power with control over its nuclear arsenal. This is a very good example of how unforeseen political events from around the world can impact home loan rates, as Bonds trade in response to the headlines. Following the assassination, Bond prices moved higher upon the increased demand for the "safe haven" found in Bonds, and home loan rates improved by about .125% for the week overall.
Read the entire report here.
- Foster Weeks
posted by SFResidence.com @ 10:58 AM
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