Pickering Group

Lock advice at a glance!
Current position: Float!
REPRICE RISK: Moderate

“Good news for buyers heading into the weekend… mortgage rates improved again after reports that the U.S. and Iran are making progress toward extending the ceasefire and reopening key oil shipping routes. Lower oil prices have been helping rates slowly move in the right direction.

Today’s rates should look a little better than earlier this week, and if peace talks continue moving forward, we could see additional improvement over the next few weeks. There’s still some risk if negotiations fall apart, but right now the market is reacting much more positively than it was just a couple weeks ago.”(want the full daily report, just email me the request)

Looking to see what rate and Program best fit your needs? To schedule an appointment and to provide me with basic information, link in comments.

Loan Level Price Adjustment Reminder: all lenders have already implemented the LLPA price adjustments, which are not favorable for most loans and will raise consumer rates.

You can see the new LLPAs link in the comments.

Lock advice at a glance!
Current position: Float!
REPRICE RISK: Moderate

“Rates are improving a little again today as news continues to point toward possible progress in peace talks overseas. Markets are reacting positively because lower tension could help bring oil prices back down, which is good news for mortgage rates.

There’s still some risk heading into the weekend because any bad headlines could quickly reverse things, but overall the mood has shifted more positive than earlier this week. If a deal eventually gets done, rates could continue improving over the next few weeks, though probably not back to the super low levels we had before all of this started.”(want the full daily report, just email me the request)

Looking to see what rate and Program best fit your needs? To schedule an appointment and to provide me with basic information, link in comments.

Loan Level Price Adjustment Reminder: all lenders have already implemented the LLPA price adjustments, which are not favorable for most loans and will raise consumer rates.

You can see the new LLPAs link in the comments.

Lock advice at a glance!
Current position: Cautiously float!
REPRICE RISK: Moderate

“Rates bounced around yesterday after markets reacted to more headlines out of the Middle East and stronger job numbers this morning. Normally stronger job reports can push rates higher, but today the market is staying surprisingly calm and rates are holding fairly steady.
The big thing right now is oil prices and the ongoing situation overseas. As long as things don’t escalate, rates likely stay in this same range. If progress continues and oil prices fall, we could see better mortgage rates heading into late May and early June.”(want the full daily report, just email me the request)

Looking to see what rate and Program best fit your needs? To schedule an appointment and to provide me with basic information, link in comments.

Loan Level Price Adjustment Reminder: all lenders have already implemented the LLPA price adjustments, which are not favorable for most loans and will raise consumer rates.

You can see the new LLPAs link in the comments.

Pierogie, it’s what’s for dinner!