Mortgage Update

Weekly Mortgage News

Two things helped rates improve last week:

1) The Fed’s monetary policy statement re-affirmed the Fed’s intention to keep buying mortgage bonds at an $85 billion a month clip.

2) And the Jobs Report showed fewer than-expected jobs were created in July.

Bottom Line for Mortgages

The Fed’s “wait and see” policy, less-than-stellar job growth and a positive report on home prices make it a great time to get pre-qualified. 

12145757-happy-uncle-sam-playing-in-a-pile-of-money

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s