Bryan Flynn's Central Massachusetts Mortgage Blog

head_left_image

Mortgage Rate Update for June 17th, 2008

CPI was in line with expectations and PPI was a bit hotter this morning.  Mortgage Bonds seems to have drawn a line in the sand for now and are attempting a reversal.  We finished up 50 bps on the day closing right inbetween a dual layer of resistance.  Bonds are also highly oversold which should bring some more buyers into this market and drive the price up a bit, thus dropping rates.  Let's hope this continues tomorrow and we get rates back to the mid 6% range. 

 

For now we are FLOATING!

 

_______________________________________________________________________________________________________________________

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

 

Comment balloon 2 commentsBryan Flynn • June 17 2008 05:26PM

Comments

Okay..now say that in english........ :) :) Cause you brainiacs all speak another language...

Posted by Konnie Mac McCarthy, Broker/Owner - VA & MD "Time To Get A Move On!" (MacNificent Properties, LLC) over 10 years ago

Bryan, it is a balancing act at this point to hedge inflation rates have to go up but with the housing market off the lower the rates the better, so it is going to be tricky to figure on the wait and float advice. Steve

Posted by Steve Loynd, 800-926-5653, White Mountains NH ( Alpine Lakes Real Estate Inc., ) over 10 years ago

Participate