Triangle Home Wizard Real Estate Blog

THE MARTINI FACTOR

THIS WEEK (1-22 to 1-29-07)

This week will be a slow news week (as it relates to economic reports). PLEASE NOTE: anytime the planned economic news calendar is thin, Traders will pay more attention to other types of news and headlines, trends from other markets, and technical factors often step up to play a larger role as well.

Bond prices moved slightly lower, but enough to fall through a “floor of support” last week - and if the trend continues this week, it could cause home loan rates to rise.

It is my opinion , the item of most interest this week will be New and Existing Home Sales data. I truly believe the housing market nationally is stabilizing, so the numbers on average sale prices, inventory and volume of sales will be closely analyzed by the Traders. It is my thesis that the housing market hit bottom in August 2006…and home loan rates remain very low - so if you or someone you know has been considering the purchase of a home, now may be an excellent time to make a move forward.

Kevin Martini - Mortgage Banker - kmartini@HomeBanc.com