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
 

Rates Bounce Higher After Fed Comments; Non-Mortgage Debt a Potential Lender Concern; Inventories Still Driving Prices

Rates Bounce Higher After Fed Comments; Non-Mortgage Debt a Potential Lender Concern; Inventories Still Driving Prices

After hitting the best levels in just over 2 months yesterday, mortgage rates bounced moderately higher today. The move brings them back above Friday's levels, but not quite as high as Thursday's. Most lenders are still quoting conventional 30yr fixed rates of 4.0% on top tier scenarios. The smattering of lenders that had moved down to 3.875% is somewhat smaller today, but not extinct. The day actually began well enough, with rates roughly in line with yesterday's. It wasn't until Atlanta Fed President Dennis Lockhart commented on the likelihood of a September rate hike that trading levels shifted, forcing lenders to adjust rate sheets in the afternoon. What does this mean? Lockhart isn't saying the Fed will necessarily hike in September, but by holding it out as one viable option, he's pushing
No Comments

Sorry, the comment form is closed at this time.