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Mortgage Market Update

click for larger imageThe rate markets are under pressure again this morning. The recent spike in interest rates adds more confirmation to our forecasts that the lows in the interest rates markets are now in place and rates are unlikely to fall to new lows. The recent stampede to the safety of US treasuries became excessive; the run down in rates was mostly in treasuries but mortgage rates benefited as the outlook for the US economy hit new lows in July and August. A lot of concern the US economy would double dip and fall back into text book recession sent investors, both domestic and foreign, to the safety of bonds.  There just isn't much room left for improvement, but a lot of room for rate to go up.  I would Strongly advise capitalzing while you can.

Want to know more on how the Mortgage Market directly effects mortgage rates or need an explanation of the candlestick chart above? Send us an email and we'll gladly provide an in depth article.  Realtors, ask about a detailed presentation on the Mortgage Market at your next office meeting.

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Sunday
Oct182009

Barry & Tammy Karch - Prudential BKB Realty

DateSunday, October 18, 2009 at 9:00PM

Barry & Tammy KarchWe always enjoy working with Pamela because we know her service is first rate and she has a very caring attitude towards all of our clients.  Also, her follow-up, feedback, and status updates are the best I have ever seen.  She keeps everyone very well informed - buyers, sellers, Realtors, and title company.
Barry & Tammy Karch

AuthorLonnie | Comments Off |
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