ARCHIVED BLOG POSTS

2019 

While the country was braving frigid temperatures during the polar vortex, new home sales were on fire. The Mortgage Bankers Association  reported a substantial increase in sales of newly built homes last month.  The Builder Application Survey (BAS) conducted by the Mortgage Bankers Association i...
02/16/2019
Interest rate markets remain stable with continued concerns over anemic economic growth in Europe, Brexit, and the ongoing China trade talks.  Rates are holding steady in low to mid 4% range lending support as we head into the 2019 home buying season. Sandwiched between recent major economic eve...
02/09/2019
 Major economic events made this a volatile week. Wednesday's Fed meeting was strongly positive for mortgage rates, while Friday's Employment report was modestly negative. The net result was a decline in rates for the week.   As expected, the Fed held the federal funds rate steady in light of sto...
02/02/2019
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George DeVine

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