LK Marketing and Real Estate

Weekly Mortgage News

Two things helped rates improve last week:

1) The Fed’s monetary policy statement re-affirmed the Fed’s intention to keep buying mortgage bonds at an $85 billion a month clip.

2) And the Jobs Report showed fewer than-expected jobs were created in July.

Bottom Line for Mortgages

The Fed’s “wait and see” policy, less-than-stellar job growth and a positive report on home prices make it a great time to get pre-qualified.