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Daily Market Report 9/23/16

By
Mortgage and Lending with Evolve Bank & Trust NMLS #275652

http://MikesDailyMarketReport.com:  Provides a synopsis of the daily interest rates for mortgages and home loans and Interest Rate Trends.  You'll find insight on what is driving the interest rates for that particular day and some thoughts about short- term and long- term trends with the Interest Rates.  This report is provided by Mike Bjork, whom is a Sr. Mortgage Planner, and provides financing for Home Buyers and Homeowners looking to refinance.  He understands the Markets and can assist his clients to prepare their mortgage to save them money and prepare for their financial future.

 

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Also, you can receive updates throughout the day by following Mike's tweets on his Twitter account @MikeBjork

 

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Comments (2)

Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Mike Bjork ~ great snapshot of the market! Rates are amazing and it looks like they will keep low throughout the rest of this year

Sep 23, 2016 03:40 AM
Mike Bjork
Evolve Bank & Trust - Redondo Beach, CA

Thanks for the comment, Jon!  Absolutely, Interest rates will remain low for the forseeable future.  Short-term rates (like the ARMs and HELOCs) will be going up over the next few years, but the long-term rates (like 30- and 15- year fixed loans) will remain low.  Also, we haven't really dealt with the Brexit fallout yet, so that will eventually help.

Sep 23, 2016 06:16 AM