Weekly Market Update 10-14-2022

finance weekly market update - The Tuttle Group

Happy Friday – I hope you are doing well and not watching the news too much . Inflation rose again this week and rates are continuing to go up. This is going to be the case until we see inflation come down.

In this video I break down what happened and what to expect for the near term. I also share some information about a few loan programs that will help mitigate this higher rate environment.

If you watch my videos, you know I have been talking a lot about the 2/1 Buy Down (https://youtu.be/9pDSYP4VSCE). I personally think this is the best product in our current market for buyers and sellers, so if you don’t know about this yet, please call me to discuss.

We also have a Lock and Shop program where buyers can lock in their rate before they go under contract. This will protect their rate while they look at homes. Please see below for details and let me know if you would like to discuss.

•60, 75, or 90-day locks

•No upfront fee

•Free Interest Rate Float Down

•Purchase / Primary Residence Only

•Property must be identified at least 30 days before lock expiration

•Jumbo not eligible

Stay In The Know

Stay up to date on what you need to know about market changes and how that impacts a home mortgage.