The mortgage lending industry has settled some over the past two weeks. Please do not be fooled by the coming Fed rate cut. It is by no means a panacea for mortgage rates. Always remember mortgages are an investment and compete with stocks, treasury bonds, etc. There must be attractive pricing and yield on mortgage-backed securities to attract investors to this product. That could actually mean higher mortgage interest rates over the long 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.
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.