Weekly Rate Forecast Email 10.05.20

Share0
Tweet0
Share0

The email below is only an example of the email sent.

Any emails sent to your contacts would have your image, logo, and contact information.

image

Brought to you by
Roger Rabbit, Mortgage Originator
(888) 777-9999
image
image

Forecast for the week of October 5, 2020

Please enjoy this complimentary mortgage rate forecast to keep you informed of where interest rates may be headed, to help you gain the advantage when securing low rates and payments.

Last Week's Mortgage Rate Recap

Rates basically unchanged
image

Average mortgage rates were basically unchanged by the end of the week, after being slightly worse midweek.

This Week's Mortgage Rate Forecast

Rates may worsen
image

Average mortgage rates could get slightly worse this week, although rates will still be near record lows. Rates shouldn't move too drastically, but we could see day-to-day movement making it a great time to stay in touch with your local mortgage professional.

What's affecting rates this week:

  • Economic data: The week doesn't have a lot of data to worry about, Wednesday is the day most likely to see rates influenced by data.
  • Economic stimulus: The Fed continues to buy Treasuries and mortgage bonds, helping to keep rates stable and low.
  • President Trump's medical condition: Trump's diagnosis and recovery from COVID-19 has helped spark a stock rally and pressured bonds, pushing rates slightly higher.
  • Bond market technical indicators: After improving last week, mortgage bonds are starting the week off worse and are poised to go lower, which would bring slightly worse rates or rebate pricing. Rebate pricing is the credit that a lender gives towards closing costs, or the cost to buy down to a better rate, often referred to as points.

If you would like to discuss interest rates further or find out the benefits of locking your rate today, please contact your mortgage professional at (888) 777-9999 or roger@hmrsol.com.

Interest Rate Forecast and Commentary provided by:
image

It is never our intention to send you spam. You're getting this email because you know the mortgage professional above.

If you don't want to receive future monthly emails like this one, please
CLICK HERE TO UNSUBSCRIBE

All information provided is for informational purposes only, and we assume no responsibility to any person who relies on information contained in this report, and disclaim all liability in respect to decisions or actions or lack thereof based on any or all of the contents of this report.

Having trouble viewing this email? Click here Unsubscribe

Hammer Solutions, LLC 260 Leaping Cat Ln Waynesville, North Carolina 28785 United States (973) 200-6808
>