Mortgage Rate Update for week of January 11, 2010

For those who are watching rates on Mortgages for either a home purchase or refinance -

This week, there are a number of important economic releases as well as daily treasury auctions Monday through Thursday.  On Wednesday, the Federal Reserve will release its Fed Beige Book Report which details economic conditions in regions throughout the country and is used by the Fed in making rate and policy decisions.  Retail Sales for December will be released on Thursday, followed by the December Consumer Price Index and Industrial Production on Friday.  Mortgage rates on average are slightly higher this morning.

These are the economic indicators that will control the direction of rates for the next week or two -

If you are ready to purchase your next home or maybe your first, give us a call! 843-240-0431 or visit us on the web at www.SCRealEstatePartners.com

We ( Jake Lee ) represent both buyers and sellers along the coastal regions of South Carolina including Myrtle Beach, Surfside Beach, Murrells Inlet, Pawleys Island, Georgetown, Longs, Little River, Conway, North Myrtle Beach, and other more inland towns! Our services as buyers agents are free to buyers! Come get your no cost representation!

You can also visit us on the web to get free foreclusre lists, short sale lists, information about our coastal towns, search the mls, search listings by a map, submit an offer ONLINE, and MORE. Come see why we are the top real estate team in our area!