Did you know that reports of a weakening economy often produce lower home loan rates?
According to Sue Woodard, President of publishing and content for Mortgage Success Source, less consumer confidence in the economy can lead to lower home loan rates. Bad news about the economy signals consumers to play it safe with their money, tending to choose less–risky bonds over stock investment. Woodard explains because home loan rates are connected to consumer interest in bonds, more bond investment leads to more lender flexibility with home loan rates.
“Good news for the economy tends to be bad news for interest rates, and bad news for the economy tends to be very good news for home loan rates,” said Woodard.
To read the entire article, visit, http://www.allaboutnews2.com/vc.php?a=y&b=33&i=215&rs=172b2d9ac52d85cd0d3
About Vicki Millehan
Among Prudential Waterfront Properties’ top producers, Vicki has a solid reputation for being one of the most successful and qualified sales agents on Smith Mountain Lake. She has received multiple awards including “Top Individual Sales Award” given by the Roanoke Valley Association of Realtors in 2004 and 2005. Vicki is a member of the Roanoke Valley Association of Realtors, the Virginia Association of Realtors, National Association of Realtors, and the Smith Mountain Lake Chamber of Commerce.
Contact Vicki Millehan
(540) 576-1224
(540) 520-2401
www.vickislakehomes.com
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