September 25, 2007

Mortgages in Flagstaff change daily, so seek good advice from your mortgage professional

Knowing what is happening in the national bond maket daily is needed for good decisions in Flagstaff

Today the Mortgage Bonds are trading slightly higher this morning after some weaker than expected economic reports.

For instance, Consumer Confidence for September was reported at 99.8, which is lower than expectation of 104.5 and is the lowest level since Nevember 2005.

In addition, Existing Home Sales for August were reported at 5.5 million units, essentially in line with expectations. However, the inventory for single-family homes represents a 9.8 month supply, the most since 1989.

So for now, I will maintain a Neutral stance with a bias towards Locking, as the Bond fights the 200-day Moving Average.

Topic Tags: Flagstaff mortgages

by Liz Fontanini - Certified Mortgage Planning Specialist, Wallick & Volk Mortgage Brokers
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by Liz Fontanini

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