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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 testimonial (24)

Monday
Jun282010

David Jones ~ Client

"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."

Monday
May172010

Will Griffin - Client

"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!"

 



Sunday
Mar072010

Geraldine Kriegbaum ~ Coldwell Banker

"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."

Tuesday
Jan122010

Joe Avila - Client

I closed on my house yesterday with no problems or hitches.  I just wanted to thank you for helping me along the way.  I know that it's your job, but you do it in a way that personalizes it and I don't think I would have survived all my obstacles without your guidance and assistance.  Beyond your business expertise, you are a beautiful person in appearance and character.  I think you went far beyond what you had to do to help and work with me and I really do appreciate it.  It was as if you held my hand when it seemed the world was trying to keep me from getting this house.  I will recommend you to anyone I come across.  I will remember you and will always be grateful.

Joe Avila



Thursday
Nov192009

Verlena Huff-Stewart - Client

I can not thank you enough for all your help in purchasing my house. Your knowledge, honesty and genuine concern for your clients go above and beyond the call of a mortgage lender.  Berry Karch, who was my realtor kept in touch with me while I was doing my tour of duty in Iraq, recommended you highly. You made purchasing my house a very smooth transition by keeping me informed of everything that was going on with the purchasing of my house. You come highly recommended by me. Keep up the excellent good work.

Verlena Huff-Stewart