Since the start of the Coronavirus and the stay at home order, the market has been on a roller coaster ride with rates. The spring market had a slow start with numerous adjustments away from business as usual to ensure the safety of clients in their homes. The simple fact is that mortgage rates continue to change on a daily basis and will continue to change as we progress through our current economic situation.
“Many entities are making business decisions for the sake of their stability and viability going forward so they can stay in business, continue to lend and keep their staff employed. These are completely normal practices in the mortgage business. In fact, the mortgage industry reevaluates and makes changes to guidelines every year – which is a good thing. It’s important that we have smart people, making decisions and evaluating risk.”
What can you do to be prepared? Stay informed through a trusted team and mortgage partner. The experts are evaluating and navigating clients through the market on a daily basis. We are here to identify your needs and help evaluate your options to create a solid plan moving forward.
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FHA and Rate updates then let us know how we can assist you!
