The new website is up and running so please check it out. www.clint-hammond.com. It's a lot more comprehensive than my old one and much more user friendly. Start applications online, get updates on what's going on in the industry and in the rate markets. It's hard enough for me to keep up doing it every day so we need these "go to" sites for answers and information, hopefully I'll be one of those resources for you.
In other news.......
Purchase transactions still closing with pretty solid consistency and even more encouraging is the number of purchase transactions that I am seeing coming dated after April 30....in other words there are still tons of buyers out there that are not 100% "handout seeking" and are looking for low rates on a well priced homes to give themselves a solid investment for their financial future. That's good news to all of us.
Mortgage backed securities have been on a roller coaster, news that should pump stocks up and deflate our bonds are immediately countered with just a strong of an influence in the other direction. It's all timing and it's all the experience of the loan officer monitoring those rates. I'm locking right and I'm floating right so I've got a fairly solid batting average in this unexplored landscape. Here's hoping that continues!
Use knowledge and logic to combat fear, uncertainty. Rational minds will win out over irrational fears so use what you know and close the deal. The best are always working towards the close and are working in the best interest of their clients so arm yourself with knowledge and go get it.
Rates won't be low forever, the Fed will be selling soon to get their balance sheets back in line and when that happens, supply will go through the roof and prices will plummet. Those plummeting bond prices can only equate to one thing, higher rates on your home loans. Strike while the iron is hot and call me if you need help doing so.