Weekly Market Script

PRESENT MARKET CONDITIONS

Attributed to Sam Khater, Chief Economist.

“As market conditions continue to evolve, borrowers should remember that shopping around for a mortgage rate and getting multiple quotes can potentially save them thousands over the loan’s lifetime,” said Sam Khater, Freddie Mac's Chief Economist.

EXPECTATIONS

All eyes will continue to stay focused on events in the Middle East and oil prices. This week will have a lot of economic data coming our way. Tuesday kicks off the week with the Existing Home Sales data. Wednesday brings the release of the CPI. The Consumer Price Index (CPI) is a key indicator that lets us know what is taking place with the inflation trends. Thursday follows with the Producer Pricing Index (PPI) report. The PPI is another key inflation report that is being watched closely. Thursday also brings the Initial Jobless Claims numbers. Friday finishes the week with the Import Prices and Industrial Productions numbers.

GUIDANCE

It’s a great time to be in the market for a mortgage! You’ll want to make sure you take advantage of this great time to buy!