Rates are Down!!

Week of October 9th, 2014

As for mortgage trends – rates are down!!  The bond market has been strong this week, and we’ve seen that reflected in slightly lower rates.  But, on a side note, according to National Mortgage Professional Magazine – it will take the mortgage loan world three more years before it becomes any easier to get a mortgage.  And staying on that note, even Ben Bernanke (former Federal Reserve Chairman) cannot get a bank to refinance his home.  Apparently he changed jobs and cannot show two years of stable income, even though he makes $250,000 per speech – The Los Angeles Times.  What comes around, goes around, Ben!!!

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