News: Record Rates!

Rates are at record lows. Call today
Need Mortgage Help?
Fast Mortgage Rate Quotes

Mortgage Rate Outlook for the Week of May 21, 2012

Comments Off on Mortgage Rate Outlook for the Week of May 21, 2012
Bookmark and Share

Mortgage Rate Update 5-21-12Once again, we’re starting the week coming off a record breaking week. While the downward movement is sometimes very small, the market continues to set new all time lows all the same.

Last week saw the the possibility of a Greek exit from the Euro dominate headlines. This week will be no different with market watchers keeping a close eye on the European situation, with Greece Spain and Italy in their cross hairs. Europe has been a major source of downward pressure on mortgage rates for many months.

Mortgage Rates and the Week Ahead

This week is a bit light on economic data. The reports to watch are the Existing and New Homes sales on Tuesday and Wednesday and the Durable Goods Orders and Jobless Claims on Thursday. Don’t expect these reports to move mortgage rates unless the data is exceedingly good or bad.

Economic Calendar for Week of May 21, 2012

  • Monday – N/A
  • Tuesday – Existing Home Sales
  • Wednesday – New Home Sales
  • Thursday – Durable Goods Orders, Jobless Claims
  • Friday – Consumer Sentiment

Where Are Mortgage Rates Right Now?

Since mortgage rates can change many times per day, there is a very good chance they will have changed from the time we’ve written this till the time you read it. That’s alright though, we can give you an up to the minute quote via the fast quote form above or if you call us directly.

Have questions about loan programs? We can also answer any other questions you might have about loan programs and which loan makes the most sense for your needs, whether you are purchasing a home or refinancing an existing home.

Tags: , ,

Related Information:
  1. 15 Year Fixed Mortgage Rate History in Charts
  2. 3 Must Do Fall Lawn Maintenance Tasks
  3. 3 Steps When the Appraisal Comes in Low
  4. 5 Biggest Turnoffs When Touring a Home
  5. 5 Biggest Turnoffs When Touring a Home

EZZ Mortgage Company has written 992 articles on EZZ Financial

EZZ Financial is Florida's premier mortgage broker. With our huge lender discounts we have the ability to pass on our wholesale mortgage rates along to you. We consistently have the lowest mortgage rates in the country along with very knowledgeable and licensed mortgage professionals. We service the entire state of Florida for ALL your mortgage needs from your new home purchase, refinance, debt consolidation, cash-out, pay off existing loans, and for other reasons. We value each and every customer and will do everything to make sure your loan process is as easy and as smooth as possible. We have 100's of positive reviews from previous customers, we are BBB Accredited, and a proud member of the Florida Association of Mortgage Brokers. Call us today and experience the EZZ Financial difference.

Contact the author

0 Responses to “Mortgage Rate Outlook for the Week of May 21, 2012”

Comments are currently closed.
Mortgage Rates