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Mortgage Rates
Do any of you have any idea or heard anything about where Mortgage Rates are headed or anticipate any form of correction?
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12 Replies
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The Feds has announced that they are going to hold rates at their current level, which is good for everyone! Here’s a way to “TRY” to predict rates:
Going Up: “Unemployment rate low” and “inflation is increasing year over year”
Going Doan: “Unemployment is high” and “inflation is slowing year over year”
The Feds try to aim for a 2% inflation rate and a unemployment rate of 5%
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Thanks for sharing the news. Seems like a break and light at the end of the tunnel. By the way, Ronda Butts has a developer client who owns the land ready to build. Can you please introduce Lorentino to Ronda or contact Ronda. It’s a ongoing client.
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Sure no problem!
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That would be great, thank you Gus! Please have him call me at 407-460-7999. I have a builder that has many lots and needs financing for construction
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Will do!
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Felixand I will be speaking with Nelson Thompson today.
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Looks like Mortgage Rates have stabilized for now
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Alex,so you think we met our rate resistance cap?
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The mortgage bankers association says that rates will be at six percent by end of year. I’m not sure how they figure that.. I think pull a number out of there…
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The rate the 30 year treasuries are dropping from 5.0% to 4.5% just in a few days, it may be possible. Don’t underestimate 5G and the power of the crazies.