• Search for your dream home

    Our tools can help you find the house you've been looking for and our team will help with lending options.

    Find a Home
  • A fresh approach to residential mortgage lending.

    We utilize only the most recent technology and best possible practices to ensure your time working with us is as efficient as possible.

    Get Started
  • Getting your mortgage loan just got easier

    We do all the work so you don't have to.

    Contact Us
  • Your perfect home is only a few clicks away

    Secure the home loan you need now. Use our convenient online loan application.

    Apply Now

Mortgage rates skyrocket

Posted on July 18, 2008 by Ray Williams.

Well the week has ended on a very down note for mortgage rates. I watched the market drop well over 150 bps in the last 3 days alone. This will put rates at their highest point since August of last year. Prior to that rates were this high in August of the prior year.

This year has been a rollercoaster of sorts for rates. Going up and down almost on a weekly basis. Most recently on news from the Fed Chariman Bernanke on concerns of inflation, energy, food, and credit and stock market rallies, we have seen rate go up as money flows from bonds to stocks.

Sit tight and you could be in for higher rates in the coming weeks, as earlier in the week you could get a 30 year fixed around 6%, and now more like 6.375% for the 30 year.

Leave a Reply

Your email address will not be published. Required fields are marked *