Understanding Mortgage Rates | dripp inc | Home Equity | Refinancing and Remortgage Guide

Rates May Increase Due to Expected Employment Data

Good Afternoon, Today, I expect that we will see rates increase a little due to the (I guess you could say positive) Employment Situation. Even though the economy is at a 5.5% unemployment rate, this was the expected percentage, which means if things are not worsening they are getting better in the investor’s eyes. The stock [...]

Continue reading...

The market just turned for the worst!

Good afternoon, The volatility continued throughout the day and the 10-year bond yield is higher than when the markets opened this morning. I am already seeing banks re-price for the worst, so hopefully you had a chance to lock during the downswing. Tomorrow the Commerce Department will post May’s Factory Orders data and if the [...]

Continue reading...