Weekly Mortgage Newsletter

From the Weekly Mortgage Newsletter by M. J. Lachica

Mortgage rates continued to follow equities, last week, slumping downward as global concerns dominated discussion, along with an economy showing signs of deceleration. The LEI revealed a small decline, while weekly applications for jobless claims crept close to the 300K mark. Fortunately, inflation continues to remain docile, with the core CPI sporting a nominal 0.1% increase. Existing Home Sales skyrocketed upward, climbing by a record-setting 14.7%. 

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About David Mayes

David Mayes has recently received his GREEN certification from the National Association of Realtors. If you enjoy personal attention and great customer service - you need look no further, he cares for his clients and will always go the extra mile to make a deal happen or make a client happy. Whether you are a BUYER or a SELLER all of your needs and wants will be met. With a Master's Degree in Business Administration, Short Sale certified, David brings a rare combination of investment savvy and seasoned experience to every transaction. He writes regularly on OCRealEstateWatch.com and can be reached at david@ocrealestatehq.com or by phone at 949-632-8115.
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