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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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Monday
May172010

Will Griffin - Client

DateMonday, May 17, 2010 at 8:47PM

"We never imagined that we would have such a wonderful experience buying a home.  You eased our concerns, kept us informed beyond expectations, and followed up with all of the loose ends.  This eliminated any surprises during closing, and allowed us to walk in to Sierra Title and just enjoy the moment!  We didn't have any worries about what was about to happen.  You truly gave us a 5 star experience!
I don't want any one to miss out on the pleasure of working with you.  I want all of my friends and co-workers to enjoy the homebuying process the same way we did, which wouldn't have happened without you.  You are truly a leader in your industry!"

 



AuthorPamela Crim | Comments Off |
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