This weeks’ 20 Second Mortgage Brief:
The MBA reports that the 30-yr fixed rate mortgage fell 3bps to 4.81% paying an average of .5 points to get that rate
Consumers splurged in July as evidenced by the strong Retail Sales number, which rose 0.5% from June, exceeding the 0.1% expected. This solid number signals that the U.S. economy is doing well.
46.4% of Morgan Financial loans were cleared to close in under 10 days, thus far in the 3rd quarter.
So if you have some loans, and you want them closed fast, give us a ring!
See you next week!