VIDEO: MORTGAGE RATE FORECAST JUNE 2015

I’ve been getting some great feedback from recent market updates I’ve been doing on YouTube and mailing out to my list. Here is an example of my most recent Weekly Wrap Up.

Those of you that have been responding personally via email or with a phone call or signing up for our most recent classes I very much appreciate you.

TUTORIAL: MORTGAGE RATE TRENDS JUNE 2015

Mortgage rates continued to hold mostly steady last week, even with less than encouraging economic news. As expected, the first quarter’s GDP was revised downward to -0.7%. Data for the second quarter is looking better, but certainly not spectacular.

Measures of consumer moods came in mixed, reinforcing the market perception that the economy is improving, but not as much as any of us would like to see. With mortgage rates remaining low, new home sales are beginning to trend upward. However, prices continue to rise with the ongoing squeeze in home inventory levels.

With continued market optimism, next week’s first-of-the-month data could result in slightly higher rates, but only if the news comes in as well or better than expected. The twin ISM reports are due. Analysts expect a mixed result, but if both move upward significantly, rates could also climb. The week ends with the monthly employment data. New job growth continues to be the key to economic recovery, and the more new jobs that are created, the more likely we are to see rates moving upward.

In today’s market update for June 2015 I want to talk to you little bit about where we’ve been for the last couple of weeks and the possible directions I believe we are headed with short term mortgage rates.

In this video I will show you my predictions on what interest rates might be doing in the next few days to a week. I’ll show you in detail how I came up with my educated guess and if you’d like there is another tutorial video where you can learn how to read interest rate trends for yourself

I also want to touch on the real estate market here locally in Pleasant Hill in Concord California. I’m going to pull up some statistics and numbers from April 30 first to May 31, 2015.

It’s looking like we’re running into the summer and it’s still very hot sellers market. If you’re looking to buy real estate you want to be as competitive as possible while interest rates are still very low.

I’m also going to give you my take as to what might happen in a year or two to the real estate prices will they continue to go up words are always see them pull back a little bit.

If you’re not too sure about getting into the market and buying a home right now…

…but would like to learn more about how Real Estate and Mortgages work you can ask me about our next live first-time home buyer crash course.

The last few classes that we did were a huge hit and were at capacity.

Make an educated decision as to if it is the right time to buy real estate in your city or not.

Contact me today and ask for a recording of our most recent First Time buyer class or you can attend our next live event.

MORTGAGE NEWS DAILY SAYS…

Mortgage rates jumped significantly today, bringing most lenders to their highest levels of 2015. The most prevalently-quoted conventional 30yr fixed rate for top tier scenarios had briefly made it back to 3.875% at the end of last week.

While a few of the most aggressive lenders remain at 3.875% most are now easily back up to 4.0%, and some are already up to 4.125%. Today’s rate sheets are fairly similar to the other weakest days of the year on May 13th, May 6th, and March 6th.