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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
Jun282010

David Jones ~ Client

DateMonday, June 28, 2010 at 2:06PM

"We are so very happy, and impressed with the loan assistance provided by Pamela Crim.  In addition to being very personable she was so tenatious in getting our loan approved, that we were able to close within 27 days of finding our new home.  Pamela's knowledge and ability to quickly get the loan through also allow us to take advantage of the eight thousand dollar government First Time Home Owners' incentive. Also, Pamela continuosly communicated with us to ensure that we were always informed. We would strongly recommend Pamela Crim with Premier Lending if you are purchasing a home."

AuthorPamela Crim | Comments Off |
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