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Mortgage rates and news info

By
Mortgage and Lending with Sunstreet Mortgage

Mortgage pricing has improved during the day with the stock market closing up just over 30 points.Experts are saying to float your rate at the moment.

This mornings report by Case/Shiller showed some improvement in home prices which was liked by most except Robert Shiller. He thinks the prices may not hold and if you read my post from yesterday, there is reason to worry. He agrees that rising unemployment and more forcloseures will take their toll.

Consumer confidence was a pleasant surprise as it came in at 54 and was expected to come in at 47. Have a great evening! Sandy

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If you or someone you know is buying a home or refinancing their mortgage, would you please give me a call?

Sandy McKee 

Loan Officer

Tucson, AZ

Sunstreet Mortgage

Ph: 520-907-3225

 

 

Comments (2)

Michael Rohde
Sunstreet Mortgage LLC. Licensed Mortgage Professional - Tucson, AZ

Hi Sandy, I was not a floater. I locked in some folks. As you wrote there is some skepticizm that this won't hold forever and my clients close in 3 weeks. They were pretty happy. It's a little scary out there.

On another note, good job on your quick rise to page one. Good job!

Aug 25, 2009 10:43 AM
Sandy McKee
Sunstreet Mortgage - Tucson, AZ

Looks like you made a good move locking. Great job and thanks for the feedback!

Aug 26, 2009 05:14 AM