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Atlanta
Georgia Mortgage Rates
Because
of our technology expertise combined with our commitment
to minimizing expenses, Primacy
Mortgage is able to offer extremely competitive mortgage
rates.
However, because
of the volatility of rates and the large number of
mortgage products that we offer, please email
or call for a mortgage rate quote at 678.248.4050.
Ensuring that you received the absolute best
quote for your given situation is our first priority.
The only way we can ensure that happens is by consulting
with one of our expert mortgage consultants.
Atlanta Mortgage Rates as well as Georgia Mortgage Rates
are currently extremely volatile.
What Causes Mortgage Rates to Change?
Mortgage-backed securities are traded on a daily basis
on the Chicago Board of Trade. When mortgage-backed
securities are traded, they move as a result of a multitude
of economic developments.
The stock market has a very dynamic relationship with the
trading of mortgage-backed securities. Typically, when
stocks are selling off, mortgage-backed securities are
rallying and vice versa. When stocks are rallying mortgage-backed
securities are selling off because of the dynamic of the
competition between stocks and bonds. Additionally, on
a weekly and monthly basis, we receive certain economic
data
that
will impact the stock and mortgage-backed
security markets.
The important reports we assess and analyze as they come
out each month are as follows:
Initial claims for unemployment and the unemployment data
are available at the beginning of each month. The first
Friday of every calendar month, we receive the unemployment
data for the previous month. If unemployment is up, typically
what happens is that we have a rally of mortgage-backed
securities. If unemployment is down and shows strength
in the economy, mortgage-backed securities will tend to
sell off.
The producer price index and consumer price index reports
are also very important. They gauge the potential for inflation
on a producer and retail level. Retail sales data is actually
watched very closely, as is consumer confidence and consumer
spending. If consumer confidence and consumer spending
are down, this spells trouble for the future of the economy.
Typically what will happen is that mortgage-backed securities
will rally and stocks will sell off.
Our mortgage consultants keep a very close eye on the movements
in both the stock and bond markets each day. As a result,
we are able to act as a consultant to our clients and work
with
them to lock in their rate when the timing is right. Primacy
Mortgage has made the technology investment to ensure that
our clients are kept up to date on sudden market movements.
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