Wednesday, November 22, 2017
• (843)344-8181 •
Pawleys Island Real Estate Homes
Murrells Inlet Homes, Murrells Inlet Real Estate, Pawleys Island Homes, Pawleys Island Real Estate, Pawleys Island Real Estate Homes

Latest Mortgage Trends

This week's mortgage rates

This week’s mortgage rates

Looking to buy Pawleys Island Real Estate?  Well, the rates above are assuming a 30 day lock, credit score of 740 or higher, and less than or equal to 60% LTV.  This information is provided to assist real estate professionals and is not an advertisement to extend consumer credit as defined by 26.2 of Regulation Z.  Rates and terms subject to change without notice.

 

How Rates Move:

Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market.  This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events.  When MBS pricing goes up, mortgage rates or pricing generally goes down.  When they fall, mortgage pricing goes up.  Tracking these securities real-time is critical.  For more information about the rate market, contact me directly.  I’m among few mortgage professionals who have access to live trading screens during market hours.

Rates Currently Trending: Neutral

Rates last week improved slightly, as reported by Sigma Research. The overall improvement for last week for the MBS market was +49 basis points, which may mean a slight improvement in mortgage pricing.

This Week’s Rate Forecast: Neutral

According to Sigma Research, the rate markets still hold an improving bias. However Sigma Research doesn’t expect mortgage pricing to improve much unless the data released between now and Friday continues to reflect slowing economic growth.

This Week’s Potential Volatility: High

Sigma Research says there will be lots of economic data this week that is likely to have a great effect on the bond market. Volatility will be high as the markets and mortgage pricing are likely to move on any large deviations of expected economic news. Remember, there are always unforeseen events that may arise which are not expected. We’ll be keeping an eye on all breaking news related to mortgage pricing.

Bottom Line:

If you are looking for the risks and benefits of locking your interest rate in today or floating your loan rate, contact your mortgage professional to discuss it with them.  I have a few that I particularly like to work with that my clients really liked.

If you’re looking to buy a homes for sale in Pawleys Island, please feel free to give the Pawleys Gal a call!

 

Romantic Beaches!

Romantic Beaches!

Melissa Keller

formerly known as Melissa Dunn

Realtors in Pawleys Island

843-344-8181

Over 3 Million Dollars Sold in Sales 2013

Over 3 Million Dollars Sold in Sales 2013

 

 

 

 

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Pawleys Island Real Estate Homes