Over the past four to five weeks it has been hard to find any good news to talk about. The stock market has ventured into un-chartered territory but if we look at the current mortgage rate environment there is a small silver lining. We continue to see volatility which feeds anxiety but looking at the rate trend over the past three months (chart below) the market is better now than back in the July/August timeframe. There have been some guidelines tighten which will continue but overall money is available at very affordable rates. Engage a mortgage professional as early in the process as possible so surprises can be mitigated. Please utilize us to help answer questions and clear up some of the confusion that is present in the market.
Suggested reading: “Think and Grow Rich” by Napoleon Hill. Considering the times that we find ourselves in this is a great book to read. It deals with one’s frame of mind and how it plays into success.
President
Intracoastal Mortgage Co.
534-A Causeway Drive
Wrightsville Beach, NC 28480
910.256.7773 o
910.256.0443 f
910.264.1208 c
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