Mortgage markets worsened last week as energy costs remained high, and jobs data looked strong. The safe haven buying that characterized the March mortgage market has subsided.
Mortgage markets worsened last week as energy costs remained high, and jobs data looked strong. The safe haven buying that characterized the March mortgage market has subsided.
If you’re floating or shopping a Lakeland mortgage loan right now, be wary of market volatility. Rates have been jumpy since April 1 and mortgage rates are changing quickly. This week, locking in before Wednesday may be your safest, near-term rate locking strategy.
For the week of May 11-15th, Mortgage markets were active last week, seeing a lot of action spurred on by economic reports and government announcements related to mortgage borrowers.
Well folks – we’re going on week 2 of a scenario where Florida mortgage markets started strong and then petered out.