There are two quotes that came out recently with in the last 30 days that could be of concern.The first was from Doug Duncan, the Chief Economist at Fannie Mae who said “I don’t think the Fed ultimately would be troubled with a 6.5 percent mortgage rate.” He doesn't think that the Fed would be troubled if interests rates went up to 6.5 percent. Then Frank Nothaft, Freddie Mac’s Vice President and Chief Economist, said “As the economy continues to improve we expect to see continued upward movement in long term interest … (2 comments)
interest rates: The Recent Rate Movement
- 07/31/13 10:39 AM
The Recent Rate Movement Prices are still going up, they may not go up another ten percent but they’re going up. Interest Rates are going up and we don't know where they will be by the end of the year. So it may not make sense to wait and buy. In fact, it will most likely cost you more money if you decide to wait. The picture above shows where interest rates were since the beginning of the year. Interest rates normally trade in bands. They don’t usually skyrocket up and down, but they bounce up and down within a … (2 comments)
interest rates: What’s Ahead For Mortgage Rates This Week – July 8, 2013
- 07/08/13 03:10 AM
What’s Ahead For Mortgage Rates This Week – July 8, 2013 Last week saw a relatively quiet week due to the 4th of July holiday, but there were some housing-related developments: Monday: The Department of Commerce reported that overall construction spending increased by 0.50 percent in May to a seasonally adjusted annual rate of $874.9 billion. Residential construction grew by 1.20 percent, and May 2012 construction spending was 5.40 percent higher than in May 2012. More spending in residential construction can indicate builder confidence in housing markets; added construction could help ease low inventories of available homes. Tuesday: CoreLogic reported that May … (2 comments)
I literally fell into this business, 42 feet to be exact. Straight down an elevator shaft 17 years ago. Ever since I have been a Colorado loan officer - My goal is to always make the loan transaction as stress free as possible and to always close on time. For some reason lenders forget that contract dates actually mean something. Go figure...right? Weird, I know! - I Currently sponsor weekly training webinars that feature ways to help your business by presenting cutting edge, innovative technology, strategies and transforming ideas to meet current market conditions. - I believe that success breeds success and that we are at our best when we are helping others to succeed. Basically a Zig Ziglar fan. :)
Will Rates Go Up In The Near Future?
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