Bonds made positive moves last week on Friday, which is typically a positive indicator for mortgage rates. However, the Federal Reserve increased rates last week, too, though the comments were a mixed bag. All of this on top of what appears to be a budding trade war with China. 

Looking for clarity in a turbulent market? Look no further than this week’s Mortgage Report from the most-trusted expert in North Texas — Bob Johnson (AKA BobMortgage), senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk

Should you lock or float? What’s Bob’s outlook on the economy? Find out after the jump!

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Jobs and unemployment figures released last week revealed that the U.S. created 223,000 jobs in May and the unemployment rate sat at 3.8 percent — a positive for the economy that moved money out of the bond market and back into the stock market. But what does that mean for interest rates? Should we lock or float, and when?

In the face of so much change, we’re glad to have our most-trusted mortgage expert on tap! Hear what Bob Johnson (AKA BobMortgage) has to say in this week’s Mortgage Report, presented by the nation’s oldest private lender, Wallick & Volk. (more…)

Lately, the stock market has had more ups and downs than a teenage romance, but those who are looking for safer investments haven’t found the bond market to be any salve to our economic turbulence. But for those who are reading the tea leaves, when is the best time to lock in a rate? Should you get serious about buying now?

In the face of so much change, we’re glad to have our most-trusted mortgage expert on tap, even at his daughter’s volleyball practice! Hear what Bob Johnson (AKA BobMortgage) has to say in this week’s Mortgage Report, presented by the nation’s oldest private lender, Wallick & Volk

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Surprisingly, bonds were up last week at the close of the market on Friday — a welcome, but modest change in the face of a turbulent stock market. Though the Federal reserve put off an interest rate increase, that could change in the coming months. And though employment figures have positive momentum, reports show the job market is coming up just short of projections. 

There are so many variables affecting mortgages, so we’re always looking to our most-trusted mortgage expert — Bob Johnson (AKA BobMortgage), the senior mortgage adviser for the nation’s oldest private lender, Wallick & Volk — to interpret the tea leaves. Should you lock or float? Find out in this week’s Mortgage Report now: 

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If the stock markets were a roller coaster ride, we’re at the point where gravity takes charge as passengers’ arms are thrown in the air and the whole screaming mass plummets to toward the earth. Sounds dramatic, right? Thanks to interest rate concerns, the Dow fell by more than 400 points since last Wednesday, notes our most-trusted mortgage expert, Bob Johnson (AKA BobMortgage) — and though such a free fall in the stock market usually indicates a rise in more secure bond investments, we’re not seeing that trend right now. 

So, when will the bottom fall out? And should you lock or float? Find out all of that and more from BobMortgage, senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk, in this week’s Mortgage Report:

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Despite the fact that mortgage interest rates are on the rise, the pace of home purchases hasn’t abated, says our most-trusted mortgage expert, Bob Johnson (AKA BobMortgage), the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk.

Naturally, the stock market’s gradual dive has caused some trepidation for investors and buyers, but with an experienced mortgage expert at your side, you don’t have to gnaw your fingernails over the market. Wondering what you should do in this market? Find out whether you should lock or float now in today’s Mortgage Report.

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It’s a busy economic news week, with new and pending home sales reports released, as well as the Fed’s favorite measure of inflation — personal consumption and expenditures. Last week ended on a moderately positive note, but many feel that rate hikes are are coming this year, says our most-trusted mortgage expert, Bob Johnson (aka BobMortgage) the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk.

Should you lock or float? Don’t panic — with more than 20 years helping buyers find the perfect loan for their home purchase, BobMortgage reads the tea leaves of today’s market better than anyone else. For his expert take, watch The Mortgage Report after the jump!

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The first hurdle that a homebuyer must surmount is the down payment on their mortgage. A tidy some with all of those zeroes, due closing, can be really intimidating for first-time buyers. Where can you get all that cash to secure the home of your dreams? Our most-trusted mortgage adviser, Bob Johnson (AKA BobMortgage), tells us in today’s BobMortgage Zone

Spoiler alert! You can use cash as a gift toward your down payment at closing. But who is allowed to give you the money? Find out from the senior mortgage adviser at the nation’s oldest private lender — Wallick & Volk — right now!

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