Early in the week it looked liked rates were starting to make a bit of a climb. Several down days in the bond market affected the bond yields negatively and caused rates to climb somewhat. However, later in the week as mixed economic news came out, rate settled back down a bit. This is a pattern that we expect will hold for most of the first and second quarters of this year. Nicer weather seems to be starting to get the homebuyers out of the winter freeze. But, they are coming out slowing as if thawing out from the weather and market chill. I am expecting a bit of an improvement from last year, but nothing great. If employment increases a bit, we could see some acceleration in the purchase market later in the season.
A Little Up And Then, Down Again