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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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Entries in shannon jernigan (1)

Tuesday
Oct202009

Shannon Jernigan - Skye Brokerage

DateTuesday, October 20, 2009 at 8:57PM

I have known Pamela for more than 5 years.  I have never been disappointed in her results.  She is the most dedicated, conscientious person I have ever met.  She goes the extra mile for the client to get the loan closed in a timely manner.  I highly recommend Pamela Crim for all of your mortgage needs.  She keeps all parties informed of the ongoing progress.  You will never feel left out of the loop whether you are the seller or buyer.  If you want the job completed on time, I urge you to use Pamela Crim every time.

Shannon Jernigan

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