My New Blog

"The Conference Board said late this morning that their Leading Economic Indicators (LEI) rose 0.9% last month, exceeding forecasts of a 0.6% increase. This means the data is predicting a fairly rapid rate of economic growth over the next several months, making it negative news for bonds and mortgage rates. Fortunately, the data is not one of the more important reports we see each month. Still, it is unfavorable for the bond market, helping to keep bonds in negative ground this morning."

For those of you still on the fence, I would recommend you consider "locking in the rate" of your pending refinances or ratified purchases.  The full report is available on my home page.

"No cost," "Conforming Loans" are running around 4.00 % 30 year fixed so if your rate is above that, it behooves you to take some prompt action and get your completed loan application to me ASAP.

Commercial interest rates continue to astound.  If you have a commercial loan, mixed-use of 5+unit apartment building, we should be talking NOW.

Happy Thanksgiving ALL and especially happy for you if you are able to qualify and take advantage of these great interest rates!