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Today's blog comes to you from Big Valley Mortgage, the preferred lenders of the DeMattei Team. We're pleased that our good friend, Marc Brinitzer, is here to give us a quick update on the state of the mortgage market!
In the last week or two, rates
have been getting better. This is largely because the European central banks have been easing credit. They're injecting about one trillion dollars into the eurozone in an effort to boost the various economies there. Many investors have elected to come to the US because US treasuries are yielding higher amounts, which has effectively lowered our rates a bit.
This means that conventional interest rates are hovering around 4%, and FHA and VA rates are between 3.5% and 4%. According to recent economic reports, job growth has been steady, and lower gas prices have increased the spending power of most consumers. All of this bodes well for the US economy, but there is a constant fear that the Fed will be raising interest rates soon. No one is certain, but it's generally expected that rates will rise sometime this summer.
If you have any questions about the mortgage market, you can reach Marc at (916) 761-3760. For your real estate needs, give us a call or shoot us an email at any time. We would love to help you take advantage of these low rates while they're still around.
We look forward to hearing from you soon!
In the last week or two, rates
have been getting better. This is largely because the European central banks have been easing credit. They're injecting about one trillion dollars into the eurozone in an effort to boost the various economies there. Many investors have elected to come to the US because US treasuries are yielding higher amounts, which has effectively lowered our rates a bit. This means that conventional interest rates are hovering around 4%, and FHA and VA rates are between 3.5% and 4%. According to recent economic reports, job growth has been steady, and lower gas prices have increased the spending power of most consumers. All of this bodes well for the US economy, but there is a constant fear that the Fed will be raising interest rates soon. No one is certain, but it's generally expected that rates will rise sometime this summer.
If you have any questions about the mortgage market, you can reach Marc at (916) 761-3760. For your real estate needs, give us a call or shoot us an email at any time. We would love to help you take advantage of these low rates while they're still around.
We look forward to hearing from you soon!
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