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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
Mar072010

Geraldine Kriegbaum ~ Coldwell Banker

DateSunday, March 7, 2010 at 5:27PM

"I have known Pamela Crim for over 5 years, and must say is a shining example of what a great mortgage lender should be.  I can always count on her immediate response to clients, follow through and preparedness.  If there is ever an issue to be dealt with, she's right on it. She's always been able to meet our closing dates and most of the time closes them early! She's constantly keeping me, and all parties involved in the loop.  I have always had very smooth dealings with her, and she has made each sale very pleasant at a time when most people are at their highest stress.  I would refer her to any of my closest friends, family and clients without thinking twice."

AuthorPamela Crim | Comments Off |
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