The market isn’t looking very well today, with both stocks and bonds opening lower this morning than yesterday. The official jobless report was released and the results are a bit worse than everyone expected. 343 thousand people filed for unemployment…
The market was lukewarm at best by the end of the day yesterday, and things are still moving slow this morning. Bonds continue to flirt with dipping below the falling trend line and, while stocks continue to get a boost from good corporate earnings, even stocks are heading south today. Both home purchases and home refinances are down, with purchases down by 2% and refinances down by 1%.
Today it looks like good corporate earnings have driven stock prices up, but at the expense of mortgage bonds, which are doing worse today than they were yesterday. It looks like they may close beneath the trend line as opposed to above it. Securities are dipping lower today compared to yesterday as well. What does this mean for you?
Whether you are a first-time homebuyer, an investor, or someone looking to find the perfect home away from home in the sunshine state, we can help you get the best possible rate with a loan solution that works for your individual circumstances.
NO APPRAISAL HARP 2.0 refinance program for qualified homeowners who have experienced a significant drop in their home value.Learn more about Harp 2.0
Shopping at least two mortgage lenders for a mortgage typically results in you obtaining the best mortgage deal.Read our mortgage shopping guide