The Rate Watch Alert is a free service we provide to our valued clients. We monitor the markets daily to help anticipate movements in interest rates. This allows us to determine the optimal time to Lock Rate.
Many consumers believe banks arbitrarily set mortgage rates. That couldn't be further from the truth. Mortgage rates are set in the open market by the institutions and traders that are purchasing Mortgage Backed bonds. To accurately assess the movement in mortgage rates, you have to understand what is impacting this bond market, and that is where we shine.
Specifically we are tracking the 30 Year FNMA (Fannie Mae) Bond market movement by the minute, every day, all day. The movement in this particular bond market has the greatest impact on movement in residential mortgage rates on a daily, and intra-day basis.
We are also actively monitoring the economic reports that are released daily. Reports on unemployment, wages, inflation, PPI, CPI, housing starts, consumer confidence, etc. all have a dramatic impact on the bond market, and thus mortgage rates.
If you intend to make the most of your mortgage, you absolutely have to be working with a mortgage broker that is tracking this information. Otherwise, you are locking your rate in a vacuum, and most likely leaving money on the table.
Fill out the form below, and we'll add you to our Rate Watch Alert. You will simply get emails periodically explaining what is happening in the pits of the Bond Market, and the impact on mortgage rates.
This is a Spam Free service.