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Time for a quick update on the Smyrna Vinings mortgage rates market.
The Week in Review:
Good news for the labor market. Friday’s Jobs Report showed more jobs created than expected and the unemployment rate dropped to 8.30%… the lowest since early 2009. Since good news typically causes rates to rise, home loan rates moved higher Friday erasing the small decline from earlier in the week. Mortgage interest rates ended the week unchanged.
What to Expect:
It’s a slow week for economic reports so watch out for the rate markets to continue the modest increase we saw at the end of the week. The Treasury will be selling securities this week and the results of those sales could play a role in market movements.… and if you’re not sick of hearing about it, Greece continues negotiations this week. German Chancellor Angela Merkel said this week that “time is running out” for Greece to accept bailout conditions. Resolution to the debt issue (or the lack thereof) will continue to make a difference in the rate markets and could cause big changes at anytime.
Breg-ometer:
Next 15 Days: Lock loans – It would not be surprising to see rates move higher from these levels
Next 30 + Days: Neutral
Courtesy of:
Bob Bregitzer
Southeast Mortgage
Click here to start your Smyrna Vinings home search.
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Smyrna Vinings Interest Rate Update
The Week in Review:
Mortgage interest rates came down last week as the Fed announced they would keep short-term rates low through late 2014. European officials were unable to hammer out a resolution to Greece’s debt crisis which also helped rates move lower. On the week, home loan rates ended down about .125%.
What to Expect:
This week is employment week and since this is one of the most important factors in our economic recovery, the Jobs Report due out Friday could be a market mover.
Don’t be fooled by the Fed’s recent announcement about interest rates. While the Fed plays a role in how long-term rates move, mortgage interest rates are determined by free-trading mortgage-backed security and treasury markets. Between now and late 2014, rates will be here, there and everywhere.
Currently, the underlying mortgage-backed security markets are only a hair away from all-time historic levels. We still maintain our locking position.
Breg-ometer:
Next 30 Days: Take advantage of this market, it can change quickly
Next 60+ Days: Rates can come down, but feel that any improvement will be small.
Courtesy of:
Bob Bregitzer
Southeast Mortgage
Click here to start your Smyrna Vinings home search.
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Trinity School proudly presents Spotlight on Art in its 31st year. Since 1982, Spotlight on Art has introduced art lovers to new works by some of the Southeast’s greatest established and emerging artists. A community experience unlike any other, Spotlight on Art 2012 brings artists and art enthusiasts together with a full season of events:
• The Artists Market, hosted by Trinity School
February 6 – February 11, 2012 Featuring original art by 350 artists in categories such as contemporary, realism, folk, whimsical, sculpture, pottery, jewelry, garden, and children’s. Open to the public with free parking and admission.
Artists Market Hours
Monday, February 6, 2012 6 PM – 9 PM
Tuesday, February 7, 2012 8 AM – 4 PM
Wednesday, February 8, 2012 8 AM – 4 PM
Thursday, February 9, 2012 8 AM – 4 PM
Friday, February 10, 2012 8 AM – 9 PM
Saturday, February 11, 2012 10 AM – 6 PM
Evenings at the Artists Market
Open late for two special evenings! Come either night (or both) to meet some of their featured artists and enjoy light bites and cocktails.
Opening Night - Monday, February 6, 2012 6 PM – 9 PM
Cocktails & Canvases - Friday, February 10, 2012 6 PM – 9 PM
The Artists Market is presented on the campus of Trinity School and is open to the public with free admission and parking.
• The Gala & Auction
February 18, 2012 the culmination of the season is their Spotlight on Art Gala Auction on February 18, 2012, at the beautiful InterContinental Buckhead. Nearly 650 guests will enjoy cocktails, dinner, and dancing to the fantastic party band — Anita! Don’t miss the amazing items and experiences available for one night only through the silent and live auctions, emceed by NBC 11Alive’s Valerie Hoff.
Spotlight on Art is the signature fundraising event for Trinity School and our gift to the greater community. Proceeds benefit Trinity’s teacher education and scholarship funds, as well as a charity to be chosen by our sixth grade leadership class in fall 2011.
Trinity School is located at 4301 Northside Parkway Atlanta, GA 30327.
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The Vinings Historic Preservation Society (VHPS) invites the children of Vinings to “Vinings Valentines” on Thursday, February 9th from 4:00 – 5:00 p.m.
The Vinings Valentines event will be held at the Old Pavilion on Paces Mill Road. All children of VHPS members are admitted free. $5 for non-members.
Space is limited to 30 children and reservations are REQUIRED. Reservations for VHPS members are available now. All non-members may make reservations starting January 30th.
Call or email VHPS to make your reservations. R.S.V.P. to 770-432-3343 or vhps1874@bellsouth.net.
When coming to the Vinings Valentines event, please park at Vinings United Methodist Church two doors down.
Visit us for all the latest Vinings events and news.
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Join Meehan’s Public House in the Vinings Village this January for their 1st Annual “Soup Wars”. Nothing better than a nice bowl of soup on a cold winter day.
All three Meehan’s Public House pubs will feature special soups that will tempt your taste buds. Soups will range anywhere from $6.00 to $9.00 and can be purchased with a sandwich or salad, as well as on their own. There will be four soups available through January at each pub by chefs, Jordan Wakefield (Downtown), Val Domingo (Sandy Springs) and Chef Branden Holte (Vinings). Show your support and vote for your favorite soup. The Chef and pub with the most votes wins and their selected soup will be featured in all of the pubs for the month of February.
Downtown – 180 Peachtree Street
Sandy Springs – 227 Sandy Springs Place
Vinings – 2810 Paces Ferry Road
Voting will take place in-house, at any of their locations. When guests order the soup of their choice, they will be given a voting card. Meehan’s patrons will provide their email and cast their vote for a favorite soup. By filling out the ballot, the customer will automatically be entered to win a gift card to the Meehan’s pub of their choice. Meehan’s chefs are battling each other to see which soups will be the crowd favorites!
Visit us for the latest Smyrna Vinings news and fun.
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