REACH THE RIGHT SOLUTION AT THE RIGHT TIME!
Contact NMSI
Welcome to Nationwide Management Services, Inc. Our services are supported by a unique and proprietary fully-automated inspection system. Our system allows our agents to contact and complete your requests much faster and more effective than our competitors. We ensure you get the right service and provide you with access to comprehensive reports so that our relationship is 100% transparent. Our goal is to maximize every dollar you spend with us and to enhance the overall loss mitigation experience with you as well as your customer.
CONTACT US
 

Existing Home Sales Nosedive; Rates Slightly Higher; Builder Profits Near 2006 Levels

Existing Home Sales Nosedive; Rates Slightly Higher; Builder Profits Near 2006 Levels

Mortgage rates moved higher to begin the new week as stocks and oil prices moved up from Friday afternoon's lows. Today's increases cast a shadow on what had been shaping up to be a nice bounce last week. That 'bounce' refers to 4 out of 5 days where rates fell moderately after rising rather quickly in the previous 2 weeks. If we want to quantify the battle, we could say that rates were trying to make it back to 3.625% last week, in terms of the most prevalent conventional 30yr fixed rate quote on top tier scenarios. They were nearly there by Friday, but have now bounced up to remain in the 3.75%-3.875% range that dominates most of the past 3 weeks. In terms of strategy, I was somewhat hesitant to take on any new risk based on last week's medium-slow improvements. I would have liked to have
No Comments

Sorry, the comment form is closed at this time.