|
Follow Me On:   |
 |
Roy Sperr Jason Walters and Shawn Hunter NMLS: 202418/295556/348864 Equity Source Mortgage, Inc. Phone: Roy (763) 657-2012 Phone: Shawn (763) 657-2017 Emails: roy@equitysourcemortgage.net roy@equitysourcemortgage.net www.equitysourcemortgage.com |
 | ||
| ||||
 |
 |
 |
 |
|
 |
|
 |
|
 |
|
 |
|
July 2015
|
Market Volatility Heats Up for Summer
Loan applications to purchase a home were still 14 percent higher than the same time a year ago. A stronger-than-expected May Jobs Report released in the first week of June sent Mortgage Bond prices lower. Since home loan rates are inversely tied to Mortgage Bond market activity, rates reacted in tandem, moving slightly upward. Uncertainty overseas due to the potential default in Greece also impacted the markets last month, with investors moving their money into "safer" assets like Mortgage Bonds. This helped Mortgage Bonds and home loan rates reverse course and improve mid-June. The Federal Reserve also met in mid-June and stated that any changes it makes to the Fed Funds Rate (the rate banks charge each other to lend money overnight) will come after cautious observation of jobs progress, inflation and general economic health. Even with an eventful June, home loan rates remain at historic lows when compared to prior years. Supply Remains Limited in Many Areas Homebuyers have experienced a highly competitive market this season, with very little supply and housing inventory from which to choose. Many of the nation's largest housing markets continue to experience too few homes available for sale, giving sellers an edge in picking the best purchase offers. However, this advantage may be fleeting for home sellers. If home loan rates rise, prospective buyers will have less spending power. A June CNBC report suggested that if buyers can't compete, then sellers will lose leverage. What's Next? Home loan rates remain favorable, though more market volatility is likely ahead. Should you or anyone you know have questions regarding purchase or refinance opportunities, please get in touch today! | ||||||||||||||||||||||||||||||
You are receiving a complimentary subscription to YOU Magazine as a result of your ongoing business relationship with Roy Sperr Jason Walters and Shawn Hunter. While beneficial to a wide audience, this information is also commercial in nature and it may contain advertising materials. INVITE A FRIEND to receive YOU Magazine. Please feel free to invite your friends and colleagues to subscribe. SUBSCRIBE to YOU Magazine. If you received this message from a friend, you can subscribe online. UNSUBSCRIBE: If you would like to stop receiving emails from Roy Sperr Jason Walters and Shawn Hunter, you can easily unsubscribe. Equity Source Mortgage, Inc. |
19230 Evans St NW, Suite 100 Elk River, MN 55330 Powered by Platinum Marketing © Copyright 2024. Vantage Production, LLC. | |||||||||