Mortgage Rates Spike - What Could It Mean For Your Business?
While most people were off for the 4th of July weekend on Friday the bond market was open and misbehaving badly. There weren't a lot of traders there and when the better than expected jobs numbers came out rates rose like they were blasted on a rocket ship.
Buyers need to know this is happening. Rising interest rates really drive up the cost of buying a home and can dramatically change their purchasing power.
We have seen a correction today but are now where close to back to where we were last Wednesday.
Here's today's commentary from Barry Habib along with the chart as of about 2:00 p.m.
If you want to get an up to the minute report or have questions I can be reached at 240.813.0614 or by email at HomeMortgageAdvisor@gmail.com
Your source for Conventional, FHA and VA loan information.
My direct line is 240.813.0614. So let me hear from you! Remember...it doesn't cost a penny to talk...so call right now and I will answer all your questions.
Alan Gross
Senior Mortgage Consultant
PrimeLending, A PlainsCapital Company
704 Quince Orchard Rd., Suite 230 Gaithersburg, MD 20878
Home Office: 240.813.0614
Email: agross@primelending.com
Web: www.mtg-info.net
Web: www.DCMilitaryVALoans.com
NMLS#217388
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