Bond Selling hits homebuyer costs: Threat to rebound in US housing market
Bond Selling hits home buyer costs:
Threat to rebound in US housing market
FINANCIAL TIMES: Saturday, June 22
A fierce burst of selling in the bond market has sent borrowing costs for US homebuyers sharply higher, posing a risk to the rebound in America's housing market, which has underpinned the economic recovery.
The average rte on a new 30-year fixed rate mortgage has jumped to 4.24% according to bankrate.com. The average 30-year fixed rate basis points yesterday, an indicator that new loans could rise still further.
A wave of refinancing sparked by historically low rates has helped cut the living costs of millions of American families. But bankers warned that the phenomenon was now approaching "burn out" with the rate rise helping snuff it out.
Avrick Mortgage Leads has the solution for banks and independent mortgage brokers. We create over 100,000 weekly leads of people who are looking for a home PURCHASE MORTGAGE RIGHT NOW.
As a broker, you must shift your sales from refinancing to purchase loans, and we can help you.
FREE LEADS FOR TESTING
For a limited period Avrick Mortgage Leads will provide you with leads FREE, so you can test this program immediately. Call Gene Palmer to arrange for a free test (252) 220-2274 or email gene@avrick.com
Threat to rebound in US housing market
FINANCIAL TIMES: Saturday, June 22
A fierce burst of selling in the bond market has sent borrowing costs for US homebuyers sharply higher, posing a risk to the rebound in America's housing market, which has underpinned the economic recovery.
The average rte on a new 30-year fixed rate mortgage has jumped to 4.24% according to bankrate.com. The average 30-year fixed rate basis points yesterday, an indicator that new loans could rise still further.
A wave of refinancing sparked by historically low rates has helped cut the living costs of millions of American families. But bankers warned that the phenomenon was now approaching "burn out" with the rate rise helping snuff it out.
Avrick Mortgage Leads has the solution for banks and independent mortgage brokers. We create over 100,000 weekly leads of people who are looking for a home PURCHASE MORTGAGE RIGHT NOW.
As a broker, you must shift your sales from refinancing to purchase loans, and we can help you.
FREE LEADS FOR TESTING
For a limited period Avrick Mortgage Leads will provide you with leads FREE, so you can test this program immediately. Call Gene Palmer to arrange for a free test (252) 220-2274 or email gene@avrick.com
No comments:
Post a Comment