The 30 year fixed rate got as low as 5.375% last week as demand for mortgage-backed bonds reached a frenetic pace. On Friday, however, a better than expected jobs report and higher hourly earnings fueled inflationary fears and sent bonds tumbling. The 30 year fixed rate is expected to be between 5.75% and 6.25% for the week with a long range outlook of 6.5% to 7% by the end of 2008.
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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