Mortgage interest rates have decreased as a result of lower than expected corporate earnings due to mortgage debt exposure. As the Dow fell over 500 points this past week money moved into the safe haven of bonds lowering the yield. Also, housing starts, permits pulled, and builder sentiment continued to sink. We expect mortgage interest rates to fluctuate mildly in the near term.
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.
