It would be an understatement to say that this is a big week for financial markets.  The highly anticipated mid-term elections are on Tuesday.  Anything other than the expected sweep by Republicans could rattle markets.  The Federal Open Market Committee meets on Tuesday and Wednesday with a statement to be released on Wednesday at 2:15 pm.  The Fed will likely introduce a second round of quantitative easing which most market participants expect will be in the form of a $500 billion package of Treasury purchases over the next 6 months.  Lastly, we have the always important Unemployment Report for October on Friday.

 

RATE TREND: Steady.

 

CAUTION: Possible interest rate volatility later this week.

For up-to-date rate information, contact DeHanas Real Estate Services at 800-842-0190.