It’s going to be a busy week. That’s what I’ve got to say. I’ll actually be spending my week in Las Vegas…. for business. I will do my best to keep up with my Twitter addiction and keeping you up to date on the latest mortgage news. I also will probably have a lot of random thoughts as I sit and listen to some of my industries top performers talk.
Back to business though, It’s important to recognize that advice is extremely valuable when looking for a mortgage. The right advice can literally save you thousands of dollars, while the wrong advice can cost you the same.
I provide this weekly news update because too often when we’re shopping around, we ask the wrong questions.
The first thing you’ve got to have your antenna up on is economic news if you want to have any idea what direction rates are moving.
Here’s this week’s economic calendar:
It’s going to be another busy week in economic news. Pay close attention to how ugly (yes, I said ugly) the reports come out. A good rule of thumb is bad news is good for rates and (this goes without saying) good news is bad for mortgage rates. So, silently – you might be rooting for a poor result. I’d rather not be ‘that guy’.
If you want to stay updated as these reports come out, follow me on Twitter. You also might get to know a mortgage guy a little bit better!
If you’re currently in the process of getting a mortgage and you’re working with a professional that isn’t telling you this news, find someone that can. I’d be happy to help if you have any questions!
Economic News Provided by Mortgage Market Guide
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