Mortgage Blog

This week we saw Consumer Price Index hit its 17 year high which is bad on the inflation side of things but the results have been offset by lower oil prices and a stronger dollar. Mortgage back securities have seen some improvement this week but we haven’t noticed that much of an improvement on rates. Float for now but very cautiously as next week will probably be the week to lock in those rates.

I did find out this week that if you have a full blown approval on Down Payment Assistance programs prior to October 1, 2008 you can close that transaction after that deadline date which eliminates further DPA purchases. Get in those contracts now before it’s to late!!!!

If you need help getting your transactions put together or just good old professionalism to your transactions, call me at 303.524.9191 or 303.809.5626