DAILY MORTGAGE RATE UPDATE 09-17-18

Mortgage Rates are higher and following the path of least resistance. Prices have fallen beneath a support level and are near 2018 lows.

Stocks are mixed amid greater trade concerns between the U.S. and China.

I am recommending locking all files that are scheduled to close within the next 30 to 45 days, as rates are near their highest level in 7 years.

Who you spend your time with will have a great impact on what kind of life you live. Spend time with the right people.

-Joel Osteen

DAILY MORTGAGE RATE UPDATE 09-14-18

Positive economic news, as well as wage-based inflation, are preventing Rates from moving higher.

Retail Sales were up 0.1%, much weaker than 0.4% estimated. July was revised higher to 0.7%, and we expect the positive trend to continue.

I am recommending locking in the short-term, 30 days or less until closing.

Everything you have always wanted is on the other side of fear.

-George Addair

DAILY MORTGAGE RATE UPDATE 09-13-18

Mortgage Rates are slightly higher and off their worst levels after consumer inflation came in lower than expected and after yesterday’s lower wholesale inflation.

I am recommending locking in the short-term, 30 days or less until closing. Further out, floating is prudent.

Let the beauty of what you love be what you do.

-Rumi

DAILY MORTGAGE RATE UPDATE 09-12-18

Mortgage Rates begin the day near unchanged stuck in the sideways to lower pattern for several weeks.

Lower wholesale inflation numbers couldn’t spark a rally in the market. Tomorrow, the more closely watched CPI will be released that will show consumer inflation.

Mortgage rates edged higher in the latest week though they remain historically attractive.

I am recommending locking in the short-term, 30 days or less until closing, while floating all others.

In every job that must be done there is an element of fun.

-Mary Poppins

DAILY MORTGAGE RATE UPDATE 09-11-18

Mortgage Rates continue to follow the path of least resistance, lower this morning, despite lower Stock prices.

Stocks are down on lingering trade issues with China amid worsening relations between the two countries.

Small business optimism soared to a record high in August on reports that business is booming given the strong labor market and economy.

I continue to recommend locking in the short-term, 30 days or less until closing. Longer-term, you can try to float but be on guard.

When things are a disappointment, try not to be so discouraged.

-Carol Burnett

 

 

DAILY MORTGAGE RATE UPDATE 09-10-18

Mortgage Rates begin the week near unchanged weighed down by higher Stock prices.

There were no economic reports due for release today.

I am recommending locking in the short-term, 30 days or less until closing. Floating is prudent in the longer-term.

Creativity takes courage

-Henry Matisse

DAILY MORTGAGE RATE UPDATE 09-7-18

Higher than expected wage growth within the August Jobs Report stokes inflation fears, which is pushing Rates lower as the week comes to an end.

Job growth in August exceeded expectations though the June and July numbers were revised lower.

I am recommending locking in the short-term, 30 days or less until closing.

Once you choose hope anything is possible. 

-Christopher Reeves

 

DAILY MORTGAGE RATE UPDATE 09-6-18

Mortgage Rates are near unchanged while Stocks trade near the flat line ahead of tomorrow’s closely watched government Jobs Report for August.

August ADP Private Payrolls came in below expectations and had little impact on the markets while Weekly Initial Jobless Claims hover near lows seen in 1969.

Home loan rates were essentially unchanged this week and remain historically attractive.

Ahead of tomorrow’s key labor market report, I am recommending locking in the short-term, 30-days or less until closing.

Do your work with your whole heart, and you will succeed – there’s so little competition.

-Elbert Hubbard

 

DAILY MORTGAGE RATE UPDATE 09-5-18

Mortgage Rates are trading near unchanged levels, trapped in the same pattern for the past few weeks.

The Mortgage Bankers Association reports that home loan rates were essentially unchanged in the latest week and remain historically attractive.

Ahead of two big headline risk events this week in the ADP Private and Non-Farm Payrolls, I am recommending locking.

Tomorrow is always fresh with no mistakes in it. 

-Lucy Maud Montgomery

 

DAILY MORTGAGE RATE UPDATE 08-31-18

Mortgage Rates are modestly higher in what will most likely be one of the slowest trading days of the year.

Stocks are near unchanged as the week and month comes to a close.

I am recommending floating brand-new files heading into the long holiday weekend. If anything changes I will get back to you.

You can tell what was the best year of your father’s life, because they seem to freeze that closing style and ride it out. 

-Jerry Seinfeld