Mortgage Market Snapshot 07.12.16

By
Mortgage and Lending with US Mortgages - David Shamansky NMLS#392126

Well today brought us some hedging from investors/traders for tomorrows pending jobs report. While that is not anything alarming to me I am a touch concerned over the fact that the FNMA 3.0 fell through its support of 104 and closed at 103.844. While that may not sound like much I do not like resistance breaks when they are on the low side/support side.

I recommend to lock as its not worth taking a risk expecting rates to improve. If news tomorrow is positive on jobs then we could easily lose another 25bps or more (dependent upon how good the news is)

Rates are still fantastic and those in the market to buy or refi should be very happy as they can take advantage of 50yr lows!

Now go buy a home and protect yourself against inflation and take advantage of best rates in 50 yrs!!!

US Mortgages Colorados most aggressive lender 580 FICO OK

Posted by

araward

Colorado 1st Time buyers, if you are ready to stop renting, get the many benefits from home ownership, or maybe your a current homeowner looking to move up or maybe looking into what it takes to become an investor in this incredible market, that WILL create millionaires, and you are looking for a strategy, answers and direction, please feel free to call or email me. My 22yrs in mortgage lending and 30+ years in finance gives me an in depth knowledge, critical to helping others and making their dreams go from dream to reality!

David Shamansky
"Positive reinforcer, promoter, success coach, entrepreneur, team builder, wealth builder, blessed individual, business leader and professional lender"

US Mortgages
6855 S Havana St Ste 520
Centennial CO 80112
720-524-8020
NMLS#392126
Equal Housing Lender

*photos used may come from my personal pictures or www.freedigitalphotos.net

 

Comments (2)

Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

David

Interesting times in many ways. Always nice to have your perspective!!

Jeff

Jul 12, 2016 01:24 PM
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi David - Thanks for the update. If money were any cheaper, they'd just be giving it away.

Jul 13, 2016 04:42 AM

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