Nevada Real Estate >> Las Vegas Real Estate Specialist: Current mortgage rate trends 4-13-11 mortgages San Diego

Current mortgage rate trends 4-13-11 mortgages San Diego

Current mortgage rate trends for those seeking mortgages in San Diego are looking good if buying a home or refinancing an existing home. Mortgage rates may remain at their current level for a few months but do not be fooled, mortgage rates will definitely go higher.  Contact us for mortgage info

 

mortgage rate trends

Current mortgage rate trend lock advice: 

If closing in 7 days or less  - Lock

If closing in 14 days or less - Float

If closing in 30 days or more - Float

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Mortgage rates surprisingly improved today as did the stock market.  They usually oppose each other so this signals that we as a country have mixed feelings about the future.

It looks like the US economy isn't as strong as experts predicted it was a couple of weeks ago.  The International monetary fund came out Monday and said the US will grow at a rate of 1.5% instead of the anticipated 2%.  The Fed Beige Book says the economy is growing at a moderate pace and NFIB says that small business optimism is down.  Not good since small business hires the most people. 

Basically we have a long way to go and for now mortgage rates are improving.  Again,  I still believe mortgage rates are set to go higher but for now I suggest you float cautiously and be prepared to lock in your rate at a moments notice.

San Diego mortgages - Mortgages San Diego

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Comment balloon 2 commentsNevin Williams • April 13 2011 11:41PM

Comments

Nevin.....good stuff!  We're still much lower than we've ever been!  Great time to capitalize on rates!

Posted by Larry Bettag, Vice-President of National Production (Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001) over 7 years ago

Nevin:  I think we'd all agree with Larry's statement ... it is a great time to buy or invest in real estate in most markets right now.  Hopefully the public realizes that soon and starts to act in larger numbers.

Gene

 

Posted by Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience (NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656) over 7 years ago

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