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Friday, January 16, 2009

Your Hopefully Lowest Rate for Your Refinance or Purchase is Positive Today

Yesterday we talked about some economic reports that may have barring on today's rates and maybe even more Monday. The December Industrial Report was twice as bad as expected, www.bloomberg.com reported. It also reported that auto output fell to the lowest in more than a century.
The Consumer Price Index was another report that came out, and it proved to meet right about even with expectations, so that won't help rates.
Defining Consumer Price Index- defined by Department of Labor Statistics as (CPI) program produces monthly data on changes in the prices paid by urban consumers for a representative basket of goods and services

Lets keep our fingers crossed and hope that we see a mid day change in rates for the better. The pricing for 30 and 15 year fixed loans barely edged out yesterday's pricing and may not have been enough to shave off today's rates by .125%, but a bettering again today or Monday by any amount should deliver a change by .125% or at best .25% for prospective refinancers and buyers.

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Testimonials & About Me

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Frisco, Texas, United States
In 2002, Brad Lynch began energetically consulting families in finding the right mortgage plan for their needs. In the beginning years, he was trained by a mentor who led by example, and this example was the epitome of integrity. Brad learned in the beginning by his mentor that many prospects may not consciously see what good intentions he has for them, do to the “wrap” many have caused w/in this industry, but always do what is right for the customer and in the end it will payoff. Integrity coupled with an energetic nature to nurture relationships, Brad has created clients for life. Through these clients for life, referrals have become the lifeblood of his business.