Hey Folks!
Well the news is not all positive today. Consumer Confidence just came in at 38.0. This is a All Time Low. The consensus was for 43.8 and November’s reading was 44.7.
The good news is that rates have not changed from Monday’s close. We expect this to change. So if you are closing within the next 30 days I would recommend to lock today. With Amerisave we have a free float down program. Give me a call or email and I will give you all the details.
Thanks and have a Great Tuesday!
Tony Grego with Amerisave
Your Place for Great Rates
Hey Folks!
Hope everyone is great as we wrap the year up? Now if you have been following my posts you know I like to get the morning going by posting something a little fun. While today’s video is titled “BANNED”, don’t worry. I’ve check it out and the source is from NBC. No language or visual challenges.
So sit back, relax, and get ready for a great new year.
As always when you need some help with your mortgage needs I am here to help. Today’s market reflect just about the lowest prices in history. I am sure I will the right program for your needs.
Kind regards,
Tony Grego with Amerisave
Your Place for Great Rates
So far today mortgage backed securities are continuing with the direction to help consumers. They are higher for the day. Please remember that as the price of mbs moves higher, the yield or mortgage rates, moves lower.
With the New Years holiday midweek we will be light on data. On Tuesday the Consumer Confidence numbers roll in and on Wednesday we get jobless claims and the Chicago PMI. Then Friday we get the ISM index. Now since a lot of traders will be on vacation and the trade volume will continue to be low they reports should not have a major impact on the mbs price.
If your closing within the next month it should not hurt you to float but if you are happy with the rate and terms you can get lock and move on. It should not get much lower.
On a side note, if you are planning on refinancing or buying a new home, expect the loan process to take longer. We usually underwrite a loan in 24 to 48 hours, but with the increase in volume some are taking up to 12 days to underwrite. To be sure you are getting accurate information. Make sure you are locking your rates for at least 45 days.
As always thanks for reading and let me know what I can do to help with your mortgage needs.
Kind regards,
Tony Grego from Amerisave
Your Place for Great Rates!
Hey Folks!
Well we read all the stories about the nasty computer virus’s that infect our computers. We protect ourselves by not opening attachments from folks we don’t know, deleting all of those nasty emails promising money from foreign countries and all of the newest drugs for pennies on the dollar. We update our computers virus protection programs that keep our computers clean but just how do these programs work? They attached video helps explain. Enjoy!
Tony Grego
Your place for great rates!
317-714-8080
Well if you been looking for a iphone you may have decided to head to Walmart to save two bucks. Yes a better deal but the best deal on a iphone can be found right now at AT&T
They are selling refurbs 8 gig 3g phones for $99 (black only) and 16 gig for $199 (black or white).
I have had several telephones replaced by AT&T over the years. They always send a refurb and it is no different from the “new” product.
Good luck and good shopping
Tony
Your place for great rates
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Tony Grego here! Living in Indiana I serve all 50-states. American Bank is a FDIC insured bank that can close your mortgage in under 10-days
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