Mortgage Blog

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The lender will have the detail pricing beginning of August.

But the most important for the HARP refi is the low rate. Whenever the rate is around 5%, there will be more qualified borrowers willing to refi, either LTV 80% or 125%.

Tomorrow the unemployment figures will be released.  The rate isn’t
going anywhere soon.  The unemployment rate doesn’t factor in
underemployment nor pay cuts. 

The economy has serious, serious issues.  Inflation won’t be a factor
for a long time to come.I expect rates to stay around this level for
one or two months before heading lower around 5% the end of this year.