Weekly Mortgage Update
| This week retail sales and industrial production numbers both came in higher than before showing us that our economy continues to plug along. Or, stated another way, U.S. companies are making more stuff and the U.S. consumer is buying more stuff than before. This is GREAT news.
But there is a verse in Proverbs that says “A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.” SOME sort of default, meltdown, etc. WILL happen in Europe and it WILL affect us here in the U.S. Eurozone troubles will effectively extend our current sluggish recovery well beyond 2012. What this means to you is continued lower rates and GREAT buying opportunities. So how do you take refuge? The key to success in this business climate is for me to show you how to capitalize on the opportunity. The richest people in the world ACTED when times looked the worst. ACT NOW. This week Freddie Mac’s 30 yr. fixed rate survey remained at that 4.00 level assuming .7 points and good credit.
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| Ted Clay Senior Loan Officer Senior Loan Consultant NMLSR # 217991 OK License # MLO01963 Office: 405-341-8644 x 102 Cell: 405-826-1320 Fax: 866-208-5309 tclay@wrstarkey.com www.TedClay.com WR Starkey Mortgage, LLP NMLSR # 2146 10 E. Campbell Edmond, OK 73034 |