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Mortgage Rates for 8.29.14
Here's your weekend rate sheet and economic update. Cheers! Economic news: This week was fairly quiet ahead of the holiday, but generally the last week of the month is light in economic news. Therefore there is nothing to make the markets react. However, the first...
True or False: You Can’t Lock in Unless You Have a Property…FALSE
FALSE! A bank told my client they can only lock in when they find a property. That may be true for the bank that doesn’t want to take the risk, but we PROTECT your buyer. So it’s FALSE. We have lock and shop rates where we can lock in up to 90 days. This is especially...
Mortgage Interest Rates for 8.15.14
Economic news: Again a fairly quiet week, but with a few indicators that the upward pressure is off. We had the highest unemployment figures since late June with 21,000 filings. Retail sales were a downer, disappointing the market. Consumer purchasing is 65-70% of...