It’s Going To Be A Busy Week
It’s going to be an extremely busy week as far as small reports go.   Many of the ‘lagging indicator’ reports have been showing a slowing economy.  IF things come out this week showing more weak numbers or worse (or should I say better???) record lows, mortgage rates will continue to improve.

Remember, as the stock market sells off, mortgage rates improve (most times).

Keep in Mind
Roughly nine months ago, the Fed started cutting the Fed Funds Rate.  Normally it takes six months to see these moves start showing in economic reports.  We might start seeing things strengthen.  If that happens, mortgage rates could worsen.

I’ll closely be watching the market all week and keep everyone posted in the meantime.

Don’t Downplay The Importance of Simple Reports
It doesn’t take much to freak traders out anymore.  I’ve always got my finger on the ‘lock trigger’, ready to take action if the market has a sell off.

Here’s this week’s economic calendar:

How Do You Keep Posted on the News?
I’ll do my best to keep you posted throughout the week via Twitter. If you’re interested in finding out more about what effects mortgage rates and which direction they’re headed, feel free to follow me!

Work With Mortgage Professionals In The Advice Business
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.

Why Am I Posting A Calendar?
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.

So You Say: What Are Mortgage Rates Currently?
I get this question all too often. If I’m being fair.. and honest (which is my policy). I would be doing you a huge dis-service to just quote a rate. Truth be told, there are literally 27 different factors that go into a custom rate quote. There are also thousands of programs (constantly changing as well). It’s extremely important that you are educated on what is available and most importantly what is the best mortgage plan for you to implement.

It’s natural to have a list of questions. I’d love to help work through them with you and educate you on what you need to know about the mortgage process. Everything from how to pre-qualified to what to do after closing!

It’s what we do, and it would be my honor to add you to our list of raving fan clients. If you’re currently looking for a mortgage loan or know someone that might have questions about one, please have them contact me. I’d be happy to assist them. It’s literally what I love doing! I promise to take great care.

Tagged as: Bond Quotes, Economic News, MMG, Mortgage Rates, Quote, Rate