Some Positive Signs of Spring in a Cold Winter Market????

By
Real Estate Mortgage Broker

Some Positive Signs of Spring in a Cold Winter Market????

The weekly Wed. mortgage application report had some positive news today. It showed a nice move up in activity following the MLK holiday week.

The numbers read like this.

Refinance Applications Rose: 11.7%

Purchase Applications Rose: 9.5%

What is great about these numbers is that there wasn't a significant move in rates since last weeks' report. Why is this important? Usually the refinance applications follow the rates. Rates move down applications move up, but not so this week. We had pretty stable rate movement and applications growth. This week could give us another positive boost if the Jobs Report on Friday shows some growth and maybe a tick down in the unemployment rate which is still over 9% with little movement down. Let's keep our fingers crossed.

 

 

Let's All Think Positive and Think Spring

Positive Energy = Postive Results

 

 

Posted by

 

John B. Saari


 

Direct Cell: 508-740-7442

Secure Fax: 781-503-1478

The QR Code To My Published Mortgage Application freemortgagebuddy

 

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Additional Information

I decided to start writing this blog to be an education resource to my referral partners and my clients. We live in a new world of mortgage lending in which we need to be up to date on the changing underwriting guidlines and mortgage products offered. It's through these updates that we will all be able to provide our clients with the customer service they derserve and expect. It's my belief that this industry insight is what will take our business to the next level. Education = Confidence