Thursday, August 22, 2013

Lock and Shop Announced at Southeast Mortgage "Reduce your Rate Risk"

With the bias up in rates which will be a long term trend, Southeast Mortgage Capital Markets Group has provided our team with another tool to benefit our clients and referral partners.  The Lock & Shop program will allow client’s to reduce rate risk and focus on their home purchase.

Mortgage rates are a function of the financial markets and monetary policy.  For the economy to remain robust, the financial markets have to cycle up and down like an engine.  The cycles generally last 6 – 7 years from trough to peak.  The low rate “deflationary cycle” began to turn in January – February and ended its capitulation in July in a dramatic fashion.  The bias up is in full force and locking and closing fast is a critical component in today’s mortgage industry.


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