Mortgage markets worsened last week, taking interest rates with them. A steady drip of sour economic news plus concerns about the banking system outmuscled Fed Chairman Ben Bernanke’s Congressional testimony in which he said the recession would likely end later this year. Overall, mortgage rates have risen in 9 of the last 12 trading days. This week, it’s unclear in what direction mortgage rates will go. However, it won’t be because of a lack of action…
To read the rest of my mortgage industry blog, visit:
http://www.loanapproval411.com/info_01/page_1.rad
Sincerely and respectfully,
Daniel A. Sosa
PMZ Mortgage Consultant
Office: 209-472-2010 x4716
Cell: 209-298-8017
Email: dsosa@pmzloans.com
