The wild ride continues for mortgage-backed bonds. But tame inflation and a faltering stock market resulted in a 30 year fixed rate of 5.625%-6% range. Rates have not risen as much as expected on the heels of the Fed rate cut due to falling consumer confidence and a stumbling stock market. We believe the long range outlook for the 30 year fixed rate to be 6.25%-6.75%.
Today’s home financing requires a mortgage professional able to secure a loan program, terms, and an interest rate that best suit your overall financial strategy and your current financial needs. Your mortgage professional should also account for the current, short-term, and long-term future economic outlook.
The David M. Damare’ Team is committed to securing your financial lifestyle using the latest market monitoring tools and mortgage lending strategies.
Rates available anytime upon request at 919.851.0999.
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