Bob Moulton
Bob Moulton
average mortgage people rate
What I do for people is I look at the weighted average of what their mortgage rate is.
busiest dozen half monday morning
Monday morning is usually my busiest time. I've had only a half dozen applications today.
bubble estate far gradual indicate percent prices seeing
I'm seeing some gradual softening of about 5 percent in real estate prices so far this year, but nothing precipitous that would indicate a bubble exists.
drill easier fire lining loan paperwork
You're going through a fire drill before closing, lining up inspectors, attorneys, getting paperwork together. It's a lot easier if you already have the loan in place.
advantages financial flip higher investment people properties rates trying
I think people who were trying to get into investment properties and trying to flip them won't see those financial advantages with the short-term rates being higher than the long-term rates.
cent figures higher meeting next per quarter running
I think they're probably going to do one more at the next meeting for another quarter per cent because they think that inflationary figures are still running a little higher than they would like.
few last weeks
It was quiet, but the last few weeks have been brisk.
accepting ahead higher letters limits loan loans sending start
A lot of lenders are sending out letters stating that they are going to start accepting loans at higher loan limits well ahead of the Fannie Mae announcement.
inventory market starting transition
We're making a transition from a seller's market to a buyer's market. Inventory is starting to swell.