Camron’s Market Brief: Recent Episodes
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Market Brief March 5th. Taking look at what happened yesterday and what that means for today. We are seeing mortgage rates starting to worsen. It is not “the sky is falling”, but we have dropped below the 50 moving day average. Which last time this happened we stayed below that line for over 5 months. So look for rates to start moving up or staying stagnant. If you are in escrow you should be locking in your rate.
Interest rates are moving in a negative direction. If you are currently in escrow for a purchase or a refi, you should look at locking in your rate. If you would like a customized rate quote. Text myrate to 626-290-7929, we will get back to you with your customized rate, no hard sale, just information.