Thanks to Mark Hines of Fidelity Bank for this episode of Tips from the Pros about mortgages.
It looks like last week everything leveled off a bit even in the wake of the possible collapse of Turkey’s economy. In US news, July Housing Starts +0.9%– Building Permits +1.5%. Weekly jobless claims -2,000 to 212,000. News is mortgage interest rate neutral.
As everyone knows by now FHLB is out of funds till January 2019.
There are other down payment assistance p[rograms that have funds to help 1st time buyers. Feel free to reach out to me if you have questions on any of these valuable programs. Construction loans are becoming popular with the lack of inventory. I do have a one-time close construction loan. Many local realtors have used this product to fund their new construction builds.
As always feel free to use the rates below as a guideline for this weekend’s business.
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