National mortgage rate surveys showed rates moving slightly downward, last week, but rates mostly ended the week on an upward bend, following the monthly employment report. Rates had ended the previous week slightly downward due to the crisis in the Ukraine. This week, it appears that some of the geopolitical risk was reduced. While the unemployment rate did move slightly upward, 175,000 new jobs were created. This was slightly more than expected, and previous months’ numbers were also revised slightly upward. While this certainly isn’t a surge, the economy is continuing to add jobs. Last month’s ISM Manufacturing Index moved higher, but the Services Index pulled back.
Rates may start the week pulling back slightly, but after last week’s data, the probability of rates drifting very far downward is low. Outside of geopolitical pressures, Retail Sales data is likely to be the most important data point of the week. If Retail Sales remains in negative territory, rather than turning positive, then rates could remain low, perhaps even drifting slightly downward.
About flaloanarranger
“You can find me helping people make the home mortgage experience a positive one.” Since 1998, I have been originating mortgages (Purchase & Refinance) in south Florida. Commitment to Excellence is to help borrowers get the best mortgage rates available and close the loan without any problems. Hundreds of First Time Home Buyers, borrowers applying for FHA, VA, conventional mortgages, jumbo mortgages across south Florida have been served by me and my team. My lending team is in constant communication with borrowers from the beginning to the end of their transactions. We also keep all third parties such as Realtors, title companies, and insurance agents updated at all times. My Home Finder Team is totally service oriented.
My favorite thing is to help people obtain a home mortgage loan to buy the home of their dreams. Being able to change someone’s life because I was able to get them a home loan is the greatest feeling in the world next to being the father of two wonderful kids.
I enjoy playing roller hockey, cooking, exercising and reading. I've gone skydiving once and would definitely go again. Volunteering is also another passion of mine. I volunteer with Junior Achievement, Habitat for Humanity and several other local organizations.
Who I Help:
All Real Estate Home Buyers in Florida who want advice from the best mortgage lender. Whether you’re a First Time Home Buyer, a Move Up Buyer or an Investor I CAN HELP YOU!
I am based in Delray Beach and an office in Fort Lauderdale. I consider myself an expert in the home mortgage field because I understand the challenges of obtaining a home loan and help my clients and referral partners to avoid the pitfalls. I am my client’s eyes and ears in the financing world. The key to a successful loan is communication.
You can reach me at 561-371-5625
Specialties: FHA, VA, Conventional Financing 95% Loan, Jumbo Loan Financing, Refinance Expert, Residential Lending, Mortgage Insurance Expert, Purchase, Refinance, Rates
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