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TODAY’S MORTGAGE RATES

Mortgage Rates moved up on the
week with The Mortgage Backed
Security (MBS) market trading down
-27 bps. The 10 Year Treasury is
currently sitting at 4.10%

Here are your Average Mortgage
Rates across the country according
to Mortgage News Daily.

A 30 Year Fixed Conventional Rate at
6.14% – equates to a $608.58 Principal
and Interest Payment per $100,000 in
Loan Amount. If you would like me to put
together scenarios for your situation, feel
free to contact me or use my Free
Mortgage Calculator below:

Mortgage Calculator – Green Home Loans

The big news in the market is still
the Conflict in the Middle East. I
received a lot of emails with people
asking how the conflict has anything
to do with Mortgage Rates. The answer
is conflicts affect financial markets
and financial markets affect interest rates.

For example, if gas prices go up,
inflation goes up. If inflation goes up,
rates go up.

Think about if you are a bank and
your money has less buying power
now than before due to inflation.
You are naturally going to increase
your rate of interest on loans
because you need more interest money
to have the same buying power.

Almost everything in the world impacts
financial markets which also impacts
interest rates.

Oil prices have moved to over $100
per barrel as of 3/9 in the afternoon.
Luckily, the G7 is considering an
emergency oil reserve release which
calmed the markets and brought the
price per barrel down and interest
rates improved on Monday afternoon.

If there was no Middle East conflict,
Interest Rates would have likely improved
quite a bit on Friday with the BLS Jobs
Report. In February, the U.S. economy
lost 92,000 jobs and the prior reports
were revised lower by 69,000 jobs.
Unemployment also rose to 4.4%.

The market mover this week outside
of Middle East updates is the PCE
Inflation report that is being released
on Friday.

Lastly, just a reminder because a
lot of consumers lost interest rates
over the past week or so. If the loan
financially makes sense, lock the rate.
Interest rates change every day and
we’ve seen a ton of people lose better
rates and payment savings because
they wanted to think about it.

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 you can get a Free Mortgage Quote
or Apply for a Mortgage with the links below.

Thank You! 

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SPRING BUYING AND SELLING
GUIDES ARE HERE

Things to Consider When Buying a Home

The process of buying a home can
be overwhelming at times, but you
don’t need to go through it alone. You
may be wondering if now is a good
time to buy a home … or if interest
rates are projected to rise or fall.

I put together a free eGuide for you
that will answer many of your questions
and likely bring up a few things you
haven’t even thought about yet.
Just click the button below to read it now!

Read Your Guide Now

Things to Consider When Selling Your House

It’s difficult to know when is the best
time to sell, or how to get the most
money for your house, but you don’t
need to go through the process alone.

You may be wondering if prices are
projected to rise or fall… or how much
competition you may be facing in the
market. I put together a free eGuide
for you that will answer many of your
questions and likely bring up a few things
you haven’t even thought about yet.
Just click the button below to read it now!

Read Your Guide Now

I hope you have a fantastic week!!