Middle of summer and the not is it hot outside but so is the market. Inventory is low with under 500,000 so competitive bids are still aggressive. It is a good time to review the rate you already have locked in.
Bond prices have continued to fall forcing a nominal increase in rates. The news has affected the bond rates including the ADP report was not market friendly. We are currently in a downward trend making rates fluctuate. We have issued a lock alert to many of our clients. Most looking for a home need to check that your rates and possibly lock in a good rate.
As always we are watching this for our clients. We are here for you and ready to help you with your contract and our “lock and loan” strategy for you.
