So, you (like everyone else) want to know what mortgage rates are going to do this week. I’m here to help.
Have you ever asked a loan officer if they know what the mortgage market is doing and they respond with:
“Well, if I only had a crystal ball.. I’d be able to forecast exactly what they’ll do…”
The bad news is, they have no idea what they’re doing. It’s a horrible line that just says “I’m not familiar with the factors that effect mortgage rates, but I can quote you a stellar rate right now!” The good news is, you’ve found someone that does get it. If you want to capitalize on the best mortgage rates with the best terms, you need to work with someone who can tell you what effects rates and when they will change.
Seriously, you need to stop rate shopping and start advice shopping. It will save you thousands more.
Here’s this week’s WealthWithMortgage economic calendar (still struggling on photo quality…I’m a mortgage guy, not a graphics guy.)
If you want to see market updates (and random rants) as they come available, please ‘Follow Me’ on Twitter!
Oh, and I can help you if you’re considering buying or refinancing a home and are shopping advice – the phone’s always on (515-991-7102).
