08/23/2024
⚠️📈Mortgage Market Update📉⚠️
Stocks and bonds are both rallying after fed chair Powell's remarks at the Jackson hole symposium.
We're up 29BPS for the day. Lower rates will be seen today.
The 10 year has moved back down to 3.8% which is a good sign for lower rates to come.
We're not sure how big of a cut there will be 25-50BPS will be expected. Let's embrace the fact rates will be coming down over the next year.
New homes sales are on fire. The median home price was reported at 429,800 which is up 3.1% from the previous month.
Looking to get approved for a mortgage, but concerned about rates? Let’s look at your personal situation and come up with a long-term plan that gets you the rate you deserve.
Apply now at https://ezhomeloans.my1003app.com/1370856/register...
or call/txt me directly at 817-721-5516