Mortgage Rates not Really Doing Anything

Not too much to report regarding mortgage rates lately and the next 12 months will likely have slightly higher mortgage rates.  Until some future certainty returns to the mortgage-backed securities marketplace I don't see any other plausible outcome.

Underwriting guidelines continue to tighten while property values feel downward pressure.  The bottom line, there are less potential real estate financing options available than there have been for at least 7 years.

For those of you that seek ways to make money, I have some exciting news to share with you.  However, I can't give you the official word until June 6th.

Stand by....

BG