August 20th Market Update: Summer on a stick!

By
Mortgage and Lending with Homes Mortgage NMLS# 366970

Good Morning,

 

I hate summer!  Not because of the Mosquitos, nor the humid hot days that signal the start of the State Fair…have you seen the forecast?!?  It’s not even the fact that on a Wednesday in the mid 70s, I’m sitting in an office and staring out a window.  

 

What do I hate about summer, the shortening days and the fact that it’ll all soon come to an end…but on the plus side, it’s now time to celebrate before it’s too late!  We have the State Fair starting later this week.  Something on a stick will have to be eaten!  Then we also have Woodbury Days coming up in my city. Always a nice treat for the kids to walk a mile or so down and ‘get their sillies out’ as my wife so eloquently puts it.

 

Oh, what’s that? The market, you say? With rates holding steady many are looking to the Federal Reserve meeting minutes being released today along with Janet Yellen speaking tomorrow in Jackson Hole, WY for guidance.  I don’t expect a huge change in direction or trend but wouldn’t be surprised to see rates start to tick back a little over the coming week.

 

 

Have a great week!

 

 

Matt

 

Rates: 30 year fixed at 4.125% (APR 4.205) and the 15 year at 3.375% (APR 3.474), FHA: 3.75% (APR 5.835): As always rates change with individual credit scenarios and programs, APRs are estimated based off of a $250,000 purchase price with 20% down and a 740 credit score, if you want an exact quote, call. These are not quotes, merely a baseline measure to gauge how rates change from week to week.

 

 


Matt Royer
Mortgage Consultant, CMC NMLS 366970

Homes Mortgage NMLS 298853

 
612-232-7646 cell I 651-770-0637 office

www.MattRoyer.com

mroyer@homesmortgage.net

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Location:
Minnesota
Tags:
mortgage interest rates st paul minnesota purchase refinance economy federal reserve home loans

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,579,505
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Hello Matt. Perhaps you just don't like things coming to an end? My favorite season is fall so I look forward.

Aug 20, 2014 02:29 AM #1
Rainmaker
87,428
Matthew Royer
Homes Mortgage - Saint Paul, MN
NMLS # 366970

That's probably the funniest part.  Fall is by far my favorite season. I'm pretty sure I simply don't like seeing how fast time ticks by. Just another reason to savor each moment.

Aug 20, 2014 02:33 AM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
87,428

Matthew Royer

NMLS # 366970
Email me today for clear advice in plain english!
*
*
*
*
Spam prevention