Mortgage rates may have struck bottom at last

Mortgage rates may have struck bottom at last

Click the link above for the full story but....

This is basically what I have been saying since October of 2011 but perhaps coming from a 3rd party will make it make hit home. We are on the way up long term, there is NO DOUBT ABOUT THAT. 

What we will see this year will look something like this: Increase ....increase....increase....DECREASE....increase...increase.... and so on. The "windows of brief decline" are the opportunities that you have to hit. The ONLY way to hit those while they are open is to start the process and then we hold until that window opens. If you wait for the dips, you will without question miss them because they are VERY short lived and chances are you won't find out about them even being there until after the fact. (Go back and read my prior posts about reported/advertised rate vs. actual offered market rate.) If you are already in process and hit a holding pattern, then we can grab while it's there because I monitor the market and I make sure my borrowers get in under the closing window. Let's talk, put a plan in place, and then we'll strike when the chance presents itself.