Personal income increased slightly. Inflation and consumer pricing remained within expectations in last week’s reports. As a result the 30 year fixed rate of dropped to 5.5%today for AAA borrowers (conditions may apply). Consumer confidence continues to waiver. 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.
Thank you for the opportunity to serve you.