Mortgage Rate Update, August 2024 (youtube.com)

TODAY’S RATES & HOUSING NEWS

Interest rates are slightly lower this
week with the Mortgage Backed
Security (MBS) market trading up
+27 bps over the past 7 days.

The big news last week was the
CPI Inflation Report.

Inflation numbers came in better than
expected which is a welcome sign for
the economy and future Fed cuts.

Year over year inflation dropped
from 3% to 2.9%.

Below are Mortgage News Daily’s
average interest rates across the
country. There are a lot of
characteristics that go into a mortgage
rate – credit score, investor, loan
to value, loan amount, costs, etc.

Please call me to go over your specific
scenario so we can price your loan
out accurately.

OR reply to this email with the answers
to the questions below for Mortgage
Options for your scenario.

REFINANCE QUOTE:

Goal of Refinance – Lower Payment, Cash Out, Etc:
Address of Home:
Estimated Value Of Home:
Current Loan Amount:
Loan Amount You Would Like to Finance:
Current Rate:
Do you know what type of Loan you are Currently in – FHA, VA, etc:
Estimated Credit Score:
Are You a Veteran or Active Member of the US Military: 
If you are a Veteran, do you get VA Disability:

PURCHASE QUOTE:

What City and State Are You Looking to Buy In: 
Estimated Purchase Price:
Loan Amount You Would Like to Finance:
Will Property be a Primary Residence, Investment Property, or Vacation Home:
Estimated Credit Score:
Are You a Veteran or Active Member of the US Military: 
If you are a Veteran, do you get VA Disability:

Thank you!

How the Financial Policies of
Trump and Harris Could Impact
Real Estate Investors

See article below from Bigger Pockets
on how the impact of Trump/Harris
economic policies could impact Real
Estate Investors.

https://www.biggerpockets.com/blog/how-the-financial-policies-of-trump-and-harris-could-impact-real-estate-investors?utm_source=Iterable&utm_medium=email&utm_campaign=Newsletter%20%7C%208.11.2024%20-%20Control

HOW MORTGAGE RATES AFFECT
YOUR PURCHASING POWER

CROMFORD REPORT
*The Cromford Report is a detailed analysis of the
Phoenix Metro housing market. While many of our
partners & clients are in different areas, Phoenix
often starts housing trends and thus we think the
information is valuable regardless of your market*

Here is how Phoenix Metro Real
Estate in August 2024 compares
to Phoenix Metro Real Estate in
August 2023.

Below is your weekly snapshot
of Phoenix Metro housing.

Have a great week!