The Home Loan Mortgage Blog

Weekly Update - 8/20/21

August 20th, 2021 5:47 PM by T. Fanning

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Happy Friday,

 

We now serve the state of Florida! Let me know if I can be of any help with any buyers/borrowers in either Colorado or Florida!

 

Other than the Jumbo 30-year fixed, rates were ended the week a tiny bit better. Next week will be a fairly busy week with at least one economic release scheduled each day. It starts with the moderately important home resales report for July late Monday morning. There are a couple of economic releases that carry an elevated level of significance in addition to two Treasury auctions and the annual Fed's central banker's Jackson Hole symposium late in the week.*

 

We offer Conventional, FHA, VA, USDA, Jumbo and regular construction financing. Some of our niches include: Chenoa Fund loans; FHA and VA 1x Close Construction-Perm; 1.50% Down FHA Advantage Program; CHFA Financing; HomeStyle renovation program; and a Jumbo, 5% down program. We also can do hobby farms, Ag properties and Alt-A (stated income, verified assets for self-employed borrowers)! To see a detailed list of programs, visit our website: www.homeloanmortgageco.com/mortgageprograms

 

As always, please let me know if I can help you, your friends/family/potential buyers/borrowers!

 

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Last Updated: 8/20/21

 

Friday's bond market has opened down slightly with little to drive trading. Stocks look to close out the week with gains, pushing the Dow higher by 121 points and the Nasdaq up 99 points. The bond market is currently down 2/32 (1.25%), which should keep mortgage rates close to Thursday's early pricing.

 

There is nothing of importance scheduled for today. We don't have much to watch in terms of potential influence on rates. The early stock gains may be putting a little pressure on bonds, but unless they make a significant move higher or lower, mortgage rates will likely hold steady through the afternoon.

 

Next week will be a fairly busy week with at least one economic release scheduled each day. It starts with the moderately important home resales report for July late Monday morning. There are a couple of economic releases that carry an elevated level of significance in addition to two Treasury auctions and the annual Fed's central banker's Jackson Hole symposium late in the week. Look for details on all of next week's activities in Sunday evening's weekly preview.

 

If I were considering financing/refinancing a home, I would....
 

Lock if my closing were taking place within 7 days...
Lock if my closing were taking place between 8 and 20 days...
Lock if my closing were taking place between 21 and 60 days...
Float if my closing were taking place over 60 days from now...
 

This is only my opinion of what I would do if I was financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of all/any other borrowers.*


*
http://www.hlmcolorado.com/DailyRateAdvisory
 

Company NMLS ID: 479289 | LO NMLS: 208694

CO License: 100008854

FL Company License: MBR4416 | FL License: LO89221
                        

Regulated by the Colorado Division of Real Estate

www.nmlsconsumeraccess.org

Posted by T. Fanning on August 20th, 2021 5:47 PM

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