Volatility Reigns

by

blog-author-clayjeffreys3

Market volatility is going to be the theme for 2017… or at least the theme for the foreseeable future. Basically, I am picking up where I left off a couple of weeks ago. As discussed last time, Wall Street seemed to embrace the idea of a Trump administration as stock values soared after the election… well, so did interest rates. Rates rose over a point in the roughly 2 months after the election. Rates did begin to improve some until…

Stocks hit 20,000 for the first time ever. Rates went back to their higher levels since the election. Then something unexpected happened… Trump signed the executive order for the immigration ban. The Dow is off about 200 points from its all time high, and interest rates improved by 0.250% in the last few days. It is going to be a bumpy ride. If this is too much, then take a deep breath, keep calm, and…

25a7010981055ef642dd8defad162f1d

In addition to keeping calm and loving our pets, is there anything else that can help when buying a home in this volatile market? Yes, there is!

As briefly mentioned in my last post, there is a one time FREE rate float down on locked interest rates with Dunwoody Mortgage Services. After we lock the rate, should rates improve by 0.250% or more, then we can float the rate down to the current market for the home purchase. The rate will NOT increase while locked; it can only improve while it is locked.

Looking to buy a home in Georgia? Like the idea of locking to protect your rate, but having the option to lower should rates improve? If so, contact me today? I can get you prequalified to make an offer, and explain all the details of the float down process.

footer_clayjeffreys4

Advertisements

Tags: , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: