Markets Improve for Home Loans

The continued problems overseas have supported our markets bringing home loan interest rates lower. More importantly it looks as thought the trend is going to hold - at least through the weekend to get buyers into contract so they look at locking first thing Monday.

I'm not necessarily suggesting locking Monday, however considering we are now at highs of the year, rates and locking is definitely something worth considering. This is a sale point for your clients currently considering making or accepting a counter offer. Bring this to their attention and if they have any questions we are of course available to explain this in detail.

What an incredible turn of events. Locking in a low fixed rate right now would make a lot of sense. If you are concerned about this trend falling short, I too am a little concerned which is why I suggest looking at locking. Ultimately my focus is on global markets and international news, primary concerning the Euro and its future. If the Euro stabilizes, we'll need to keep a sharp eye on the MBS to see how it reacts.

Stay tuned for updates.