232175 Resource 178438 178982 178982 1242315851430 1242316633165 Controlled Whither Home Loan Interest Rates?

Another reason why mortgage rates may be headed higher

<p>In addition to the <a title="Rates headed higher" href="/public/item/231841" target="_blank">economic and market reasons to believe that home loan interest rates are at an historic low and not likely to stay there long</a>, there are practical pressures at work. Well, in Econ 101, they would tell you this is an economic reason, too: Mortgage lenders have more business than they can handle -- at least on a timely basis.</p> <p>When home loan lenders are getting more applications than they can process with existing staff, they raise mortgage rates and closing costs in order to slow things down. </p> <p>I'm working with four different lending sources right now on four different home sales transactions that were supposed to close either this week, last week, or next week. All are behind schedule. This is very frustrating for me as the real estate agent trying to do the best I can for my clients. It's of course maddening for the clients. I believe the lenders are doing the best they can -- at least most of their representatives and employees are. There is just too much to do. New regulations to prevent fraud and ill-advised loans are slowing the entire process down.</p> <p>Now, enough blogging for me and back to being the squeaky wheel for my clients! Loan processors look out.</p> <p>To buy or sell your Flagstaff home, contact <a title="Flagstaff real estate" href="http://bestflagstaffhomes.com/" target="_blank">Team Heitland at RE/MAX Peak Properties</a>.</p> 9 application/xml false home lenders home loan rates mortgage market mortgage rates Last weeks mortgage bond market sales point toward higher rates -- keep an eye on Friday's sale coming up http://blog.bestflagstaffhomes.com/public/item/231841 Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 6.0; GTB6; SLCC1; .NET CLR 2.0.50727; .NET CLR 3.5.30729; .NET CLR 3.0.30618; OfficeLiveConnector.1.3; OfficeLivePatch.0.0) 127.0.0.1 127.0.0.1 aheitland 24.121.32.9 false true false false true 178975 false false true false false false true 178438 blog blogsite/BestFlagstaffHomes/web