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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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Saturday
Oct242009

Patricia Cera - Client

DateSaturday, October 24, 2009 at 9:43AM

Thank you for EVERYTHING you have done for me. I will definitely refer anyone I know to you as I truly feel you provide nothing but the best service and are a genuine person. You exceeded my expectations and you couldn't have made the loan process any easier for me. Again I thank you for everything.

Patricia Cera

AuthorLonnie | Comments Off |
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