WOW... what a day today huh? BNC ...GONE!....who is next? I have ideas who I think will be the next, BUT why spoil the fun right? I can give you a hint... has something to do with JP Morgan. That is all that I will say right now.
Today we say the rates rise up anywhere from .125 BPS - .250 BPS. Not REALLY that bad. Because when it comes to pricing out loans, that could honestly just be the difference between a 660 credit score and a 680.
FUTURE predictions: I have 2.
1:) Rates are going to DROP come first week in September. Compare at the 3rd week of September versus the 3rd week in August, there will be a change.
2:) Rates are going to DROP SLIGHTLY and STABILIZE come NOVEMBER. I will justify this sometime in October.
Remember, this is my opinion ONLY. I offer an educated idea and side for your questions and market changes.
QUESTIONS? COMMENTS?
Email me: Corey.Mullin@gmail.com
Web: http://mortgage-pro-opinion.blogspot.com
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SHOULD HAVE GONE TO THE DISCOUNT WINDOW
This is a daily Q and A (question and answer) site for anyone who wants to know more about the industry of residential mortgage loans. Also, to answer questions about the industry, programs, terminology, or whatever. Honestly, I am an educated mind that is tired of seeing clients of mortgage companies lied to, mis-directed, and wronged. I am not a governing body, but rather "that smart friend".
SHOULD HAVE GONE TO THE DISCOUNT WINDOW
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Southern California Owner
- Mortgage Pro
- San Diego, California, United States
- Hello, My name is Corey Mullin. I have been in the mortgage industry for numerous years now. Everyone knows that the rates have been crazy, programs chopped, and companies crumbling. My reason for this blog is to educate people, and answer questions that other people will not. I am open to all shorts of questions from the public to professionals. I truly believe that EVERYONE should be in the "know".
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