Consumer confidence suffers unexpectedly! What does this mean for mortgages??? Mortgage rates will improve today based on this news. Not that I am happy to report this, (okay, a little happy) because this means the economy is still not n full recovery mode. The stock market and several other areas of finance will suffer today. In doing so, traders will withdraw from the stock market and shift funds over the safer investments such as treasuries and mortgage back securities, in doing so, this is will bring mortgage rates down a little.
For more information, feel free to email me anytime with questions you may have about mortgage rates, buying a home or possible refinancing your current mortgage.
Bill Nickerson
179 Great Road, Acton MA 01720
978.264.4803 (o) 978.273.3227 (c)
Providing Mortgages Since 1991
Commercial Residential Reverse FHA/VA
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