This is Brian Wickert, Chief Market Watcher.
Last week was all about the US economy, the US jobs report and an increased likelihood that the Federal Reserve would raise rates at its next meeting in September.
Yesterday, China announced it was devaluing its currency in hopes of giving a boost to its flagging economy (which is the second-largest economy in the world).
So when economic activity in China slows down, the ripples reach all the way around the globe.
The result for US home shoppers and homeowners is that the trophy rate of 3.875% with no points is back on a $200,000 30-year fixed if you have 25% equity and all the other right stuff.
At least for a short visit anyway, and only if you choose a super-efficient mortgage lender like Accunet. The APR is 3.90.
If your current rate is 4.5% or higher or you have an accepted offer, click on the blue button at accunet.com and find out what Wisconsin’s most efficient lender can do for you.
Want the Lowest Rate on Your Home Loan?
Let's Get Started!
You Might Also Like
Aenean sollicitudin egestas elit vel mattis. Proin non lorem arcu. Sed ornare venenatis sapien id iaculis. Etiam ultricies interdum commodo. Aliquam erat volutpat.