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Palm Beach County Mortgage Rates: Timing the Market

Mortgage RatesAfter such a long time remaining at the lowest levels anyone can remember, Palm Beach County mortgage rates have been climbing out of the cellar. No one who was paying attention expected them to stay at the almost unbelievably low levels they’d held for more than a year, so that was anything but a surprise.

But for Palm Beach County home shoppers and sellers, it is the future of mortgage rates that is most important. Because West Palm Beach mortgage rates are the basis by which monthly payments are calculated, knowing what to expect in their movement would enable anyone to make the best decision about whether now is the time to buy or sell — or whether even a short delay might mean the same monthly outlay could buy more house.

Experience teaches that literally no one can accurately predict those rate movements, but I thought I’d look for some of the most current advice on the matter to see if they could supply any enlightenment. The answer (certainly more predictable than the rates) was…not really.

Last Friday, Mortgage News Daily had what you’d have to call the typical take. After headlining “Mortgage Rates Slightly Lower For Third Straight Day,” they admitted that the national rates, while under July 23rd lows, were reflecting “a detachment from the financial market data.”

In other words, the lower mortgage rates didn’t follow any rational reasoning that their correspondents could discover. Further explanation followed, but wasn’t much more helpful for making any predictions. “Quiet days and quiet weeks have a sort of inertia in that the higher and lower boundaries of rate movements are fairly well entrenched unless [blah blah blah]… which happens because of low volume and low participation.”

In other words: it’s August. Nothing (or anything) might happen when the financial traders are off on vacation. Another interpretation: if you’re intending to buy or sell a home in West Palm Beach, the hope that waiting will yield improved Palm Beach County mortgage rates is unlikely to give you much more than a 50-50 chance.

In other words, give me a call when you’re ready to buy or sell. That’s the right time!

 

 

 

 


Questions, Comments or For more information you can email Christian Penner at Christian@ChristianPenner.com or visit us online at www.ChristianPenner.com or you can call us directly at: 561-316-6800

ChristianPenner.com
Palm Beach County Mortgage Rates: Timing the Market
http://www.christianpenner.com/palm-beach-county-mortgage-rates-timing-the-market/


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blackwhite#Christian Penner, #Mortgage Broker West Palm Beach talks about #Real Estate West Palm Beach. He also serves other Local Areas and provides home #Mortgage Solutions for Palm Beach Gardens, #Jupiter, #Boca Raton, #Wellington and #Tequesta. #Christian Penner Mortgage Broker Jupiter has the #lowest mortgage rates and the best #home mortgage programs like; #Jumbo loans, #FHA Home Loans, #VA Home Loans, #Reverse Mortgage Home Loans, #Freddie Mac Home Loans, #Fannie Mae Home Loans and #HARP Mortgage Loans. #Christian Penner Mortgage Broker Palm Beach Gardens has Served the area for over 15 years with his #Home Loan Lending Needs and Works with #FEMBI Mortgage in Jupiter.

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ChristianPenner.com
Palm Beach County Mortgage Rates: Timing the Market
http://www.christianpenner.com/palm-beach-county-mortgage-rates-timing-the-market/