August Lending Market Snapshot:
We are fast approaching the new school year and the market has continued to be impressive over this fantastic summer!
Mortgage Bond prices begin the week of August 14th lower as easing tensions in North Korea pushes Stock prices higher.
There are no economic reports being released on 8/15 but the rest of the week’s calendar is packed with data that covers a broad landscape of the U.S. economy.
Inflation has moderated and with Congress unable to make major progress, I don’t see how the Fed can hike rates much at all.
With Mortgage Bond prices at the highs for the year and mortgage rates at the lows, now appears to be one of the best time to take advantage of continuously low rates.
Have a fantastic month – I leave you today with this fun fact:
“The unemployment rate in the 19 nation Eurozone as of June 2017 was 9.1%, its lowest level since February 2009. The unemployment rate in the United States as of July 2017 was 4.3%, its lowest level since February 2001.” (source: Eurostat, Department of Labor)
Ryan Schmidt is a state and nationally licensed mortgage loan officer that has worked with many of our clients throughout the years and has helped hundreds of buyers reach their homeownership goals.
While you can choose to work with any lender you like, we highly recommend Ryan based on the following:
- Incredibly Responsive – Ryan realizes that your time is valuable, so he is available 24 hours a day, 7 days a week
- Lending Knowledge and Expertise – he takes each and every day as a new opportunity to learn the market, review the latest guidelines, and find new ways to improve your options
- Reliable Support Team – working as a boutique style lender, with numerous sources of funds (including portfolio products), all operations are completed in house, in one office with the same 10 team members every time to guarantee dependable results
- Transparency – As a six year military veteran – Staff Sergeant of the Virginia Air National Guard, as well as a graduate of the Virginia Military Institute – there will always be transparency when working with Ryan. His motto is “no false hope, empty promises, my word is my bond. No excuses, just getting the job done as advertised.”
He and his team pledge to work diligently in your behalf and would consider it an honor to gain the opportunity to earn your business.