Loan Mortgage Rate Update

From Mortgage Daily News:

Mortgage Rates Relatively Unscathed by Jobs Data

Jun 6 2014, 3:24PM

Mortgage rates remained very close to yesterday’s latest levels, though that varies depending on the time of day.  Though they returned closer to ‘unchanged’ in the afternoon, earlier this morning, rates were slightly stronger (lower) after an uneventful Employment Situation Report.  This is the most important piece of economic data in the US, and for it to come in so perfectly in line with forecasts is rare.  For that to happen a day after the European Central Bank (ECB) adjusted policy almost perfectly in line with forecasts is downright spooky.  Bond market trading levels (which ultimately inform mortgage rates) are right where they were hours before yesterday’s ECB news, like it never even happened. Click here to see the rest of the article.

[youtube]http://youtu.be/T-6gsfwOtY0[/youtube]

 

Chris Weymouth Director, The Weymouth Group

Chris Weymouth
Director The Weymouth Group

Chris Weymouth, Director, Certified Luxury Home Marketing Specialist, CLHMS and Debbie Luber Weymouth, Manager, have marketed and sold over 4000 homes in Maryland since 1983. Expertly trained and award winning agents, they are leaders for The Weymouth Group at Keller Williams that has been recognized by their peers as one of the best in the business. Chris Weymouth is ranked in the top 1% at Keller Williams Select Realtors, top 1% in Howard County and Maryland among Realtors. Serving Central Maryland and all our friends and family for almost 60 years. Need a Luxury Home Marketing and Buyer Specialist in Howard County (Ellicott City, Woodstock, Clarksville, Marriottsville, Fulton, Laurel, West Friendship, Glenelg, Columbia, Elkridge, Dayton, Mt. Airy, Woodbine and more), Carroll County (Elkridge & Sykesville), Baltimore County (Catonsville, Woodstock, Owings Mills, Pikesville and Reisterstown), Anne Arundel County (Pasadena, Severna Park, Hanover, Severn, Glen Burnie, Annapolis and Odenton), Prince Georges County (Bowie & Laurel), Montgomery County (Silver Spring, Olney, Bethesda and Sandy Spring) or Harford County? We Know This Market! Then call Chris at 443-280-1922 or email [email protected]