Mortgage Newsletter

Mortgage Newsletter / Update

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

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

07 / 10 / 2020 Update:

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

 

COMMENTARY: As the last few trading hours of the week tick down, thirty-year conforming mortgage interest rates are on track to finish the week a smidge lower than where they closed last week Friday.  In terms of economic news, the Labor Department announced earlier this morning prices at the gates of the nation's farms, factories, and utilities declined by 0.2% last month.  One of the major drivers of mortgage rates is inflation and investors see the June Producer Price Index as a clear signal suggesting inflation is likely to be the least of our worries for an extended period of time.


There are a plethora of economic reports due out next week but none are expected to pack enough "punch" either individually or collectively to influence the current trend trajectory of mortgage interest rates one way or the other.  Everything being considered, I’ll keep this week’s commentary on the thin side.
😊

 

Have a nice weekend!

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