Did You Know?

DID YOU KNOW? The average rate on a 30-year, fixed-rate mortgage was 3.75% last week, down from 4.94% in November. It's possible mortgage rates have already factored in a Fed rate cut. Lenders made $565 billion of mortgage loans in the second quarter, the most in more than two years, as falling rates encouraged homeowners to refinance. At that pace, originations could exceed $2 trillion for only the third year since the financial crisis, according to the industry research group Inside Mortgage Finance. If you want to reach out to your clientele with a favor, maybe let them know this factoid as they may benefit by refinancing a mortgage they took out a year ago..... (WSJ)

DID YOU KNOW? For anyone scratching their head about low government inflation figures as they see rent prices, food prices, healthcare prices, etc rise, know you are not alone.....

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