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Month End, June.

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Mortgage and Lending with Home Loan Investment Bank NMLS 49493

Wow! Where has this year gone? With all this rain and cloudy weather we've had lately, it feels as if the month of June hasn't existed, we've gone from May right into July. In any event, this market is still very interesting and the time to buy really hasn't been better.

Here is a brief summary of what happened to day with the market. The Consumer Confidence Index came out this morning and the reading was about 6 points lower that what had been forecast. What this means is that consumers are not as hopeful about their own personal financial situation than what the industry experts had thought they were going to be. Normally when this reading comes in lower, there is a decent amount of downward pressure on mortgage rates. Today, for some reason, rates slightly increased. Perhaps, the price of oil and the world market were a factor here... 

Thursday could prove interesting with the latest unemployment figures. Last weeks number had increased to 627,000 new unemployment applications.

For those who are comfortably employed, have some savings and good credit, now is still a great time to purchase. Jason

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Jason E Potrzeba

Loan Advisor

Acadia Advisory Group

Riverside RI 02915

(401) 580-7612 Cell

(401) 223-4975 Fax

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