Mortgage Newsletter

Mortgage Newsletter / Update

Please find the latest Mortgage Update from Will Dukes, one of the lenders who we have worked with and recommend to compare with, so as to fully help our Buyers (& Sellers).  (Please compare Will's rates and terms with other lenders; always compare, and ask questions)

We can send you Will's most recent Rate Sheet separately, please email Barry@SWFLLuxury.Com  to request it, thanks.

10 / 15 / 2021 Update:

 Good afternoon!  Below (and attached) please find your weekend ratesheet.                                     


COMMENTARY: Retail sales unexpectedly increased .07% in September suggesting that demand for merchandise remained robust in the month, a sign that Americans are spending enough money to sustain an economic recovery. The improved sales pace partly reflects higher consumer prices and therein lies the issue with mortgage rate.  Higher consumer prices indicate increased inflation which is kryptonite to lower mortgage rates.


Looking ahead to the coming week, the Industrial Production and Capacity Utilization report gets things started followed by the September Housing Starts and Building Permits report. Thursday's standard weekly jobless claims report and the September Existing Home Sales figures will round out the lightly populated economic news schedule.  As I write, there is little chance any of next week's scheduled reports will exert significant influence on the current trend trajectory of mortgage interest rates one way or the other.  As usual when this is the case, look for long-term mortgage rates to take their queue from our stock market… i.e., market up so are rates.


Have a great weekend!

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