Rates were down modestly today 22 bps on the day. Bonds tested both the closest support and resisitance levels and closed right in the middle of it....meaning we are in another tug of war with the bulls and the bears going into next week's Fed meeting. From a technical standpoint bonds are still "oversold" so hopefully we can break through the resistance and get interest rates back down a bit.
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The above Mortgage Market Update information was provided by Bryan Flynn of Wells Fargo Home Mortgage. Bryan can be reached at Bryan.K.Flynn@wellsfargo.com or by phone at 508.363.2223. Bryan has worked in the Central Mass and Worcester area for the past 6 years as a mortgage loan officer.
More than likely, this is one of the largest and most important financial transactions you will ever make. I have a desire to help people out and love my job. You might need a mortgage only four or five times in your entire life... but I do them every single day. It's your home and your future. It's my profession and my passion. I'm ready to work for your best interest.
For more information on my service please check out my Central Mass and Worcester Mortgages website or you can click to view Bryan Flynn's Mortgage profile
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Bryan
Thanks for the update. I believe the factors are in place to move rates down slightly. However, do you think rates can hold steady for another six months? I ask because I believe we need some time to clear some inventory from all our markets.
by the way, Do you have an outside blog that I can add to my Blogroll ?
Thanks and look forward to reading your thoughts on the world of real estate.
James, I do think rates will remain in this trading range for the rest of the year, I think we are towards the high end of that range.
No I do not have an outside blog....what is Blogroll?
Yes, I'm interested in learning about that Blogoll thing too. Learn something new today...