Mortgage Newsletter

Mortgage Newsletter / Update

Please find the latest Mortgage Update from a member of our team: Will Dukes, one of the lenders who we recommend, so as to fully help our Buyers (& Sellers).  (Please compare Will's rates and terms with other lenders; always compare)

We can send you Will's most recent Rate Sheet separately, please email Barry@SWFLLuxury.Com  to request it, thanks.

07 / 12 / 2019 Update:

Below (and attached) please find your weekend ratesheet.

Good afternoon!  Below (and attached) please find your weekend ratesheet.

 

COMMENTARY: Have we already begun the Dog Days of Summer?  Once again, mortgage rates finished virtually unchanged from where they closed the previous week as the market bounced around in a tight trading range – but in the end could not muster enough momentum to move notably lower.

 

In a week devoid of any significant financial reports, Fed Chairman Powell’s comments on Wednesday strongly indicating that the Fed will cut their short-term benchmark rates at the conclusion of their upcoming meeting on July 31st was a sock in the kisser.  Fed officials have pointedly shifted their outlook from early May and their most recent meeting in June stating “it appears that uncertainties around trade tensions with China/Mexico and concerns about the strength of the global economy continues to weigh on the U.S. economic outlook.”  If the Fed were to forego the rate cut at the end of the month – the world’s financial markets would be up in arms asserting that they have intentionally been led astray as this cut is already priced into the US mortgage market -- so the effect on the current trend trajectory of mortgage interest rates will probably be minimal at best. 

 

Have a nice weekend!

Also; please check out the other Pages; Blogs, and tabs to many other informational Links, Updates & Reports that we have here on our informational website.  

"We hope that you find the information useful.  If you have any questions, please do not hesitiate to contact Kim or Barry with the Hoey Team  email us at: Barry@SWFLLuxury.Com  or KimZuponcic@Gmail.com or Call/Text the Hoey Team at:  (239)-360-5527 

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