Lock or Float
More details emerged about the GOP tax plan, plus President Donald Trump made his selection for the new chairman of the Federal Reserve. It’s a lot of news to digest, that’s for sure. Should you lock or float? With so many variables in the market, there’s no better time to have a trusted mortgage adviser…
Read MoreSenate Republicans unveiled their proposed $4 trillion budget, and though tax reform plans — especially corporate tax cuts — wouldn’t show economic results for years, the effects on the mortgage market had Fannie Mae sinking by 30 basis points. With so many variables in the market, there’s no better time to have a trusted mortgage…
Read MoreSlow inflation has the Federal Reserve eyeing a December rate increase, says Bob Johnson (AKA BobMortgage). That news, plus housing data, could seriously influence the mortgage market this week. Plus, the bond market, which has a lot of sway on mortgage rates, has been fighting to stabilize, too. Should you lock or float? This week’s mortgage report…
Read MoreWhile the stock market has been posting gains, bonds continue to sink lower. The affects, combined with reports of job losses in September, have been a disaster on the mortgage market, says Bob Johnson (AKA BobMortgage), the senior mortgage advisor at Wallick & Volk — the nation’s oldest private mortgage lender. And despite the news, rate hikes are…
Read MoreThis week’s mortgage report illustrates just how important it is to have a seasoned mortgage advisor on your side. With signs of weakness in the bond market, as well as rate hikes looming in December, Bob Johnson, senior mortgage advisor at Wallick & Volk – the nation’s oldest privately-held mortgage company – breaks down the dynamics to give buyers an…
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