While rate watching on a daily basis, let’s take a little time for some Mortgage Market This & That! If you are about to be in need of a mortgage, you’ve probably noticed that rates are still stubborn and fluctuate only in a small bracket. That appears to not be changing soon, unless there is good news coming from the Iran conflict. While it looks like rates will not go up at least in the short term, my personal opinion is there will be downward pressure as soon as we have some Mideast agreements in place. My guess is anything around 5.5% for a 30 year fixed at no points will open the mortgage market to mass activity! If you are 62 an over with a lot of equity but low cash flow, make sure you call me about if a Reverse mortgage could work for you. Finally, lenders are looking for new ways to qualify buyers, so I encourage you to find out how you might qualify now, where you didn’t before. Talk to soon!

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