Best in Rates, fastest online mortgage closings in Arizona and Colorado since 1999! Best in Life, Health, Disability, Long Term Care Insurance and Fixed Annuities. Lic in AZ, CO, and UT. Retirement Specialist

 

   

Best in Rates, fastest online mortgage closings in Arizona and Colorado since 1999! Best in Life, Health, Disability, Long Term Care Insurance and Fixed Annuities. Lic in AZ, CO, and UT. Retirement Specialist
Ted Gehrke
Mortgage Director Arizona-Colorado
NMLS# 240314
ted@turboloans.com
Desert Equity Lending, LLC
NMLS# 173369 MB-0906989
Phone: 602-881-1414
Kings Throne Member 2003-2018
Apply Now
Ted Gehrke
Mortgage Director Arizona-Colorado
NMLS# 240314
ted@turboloans.com
Desert Equity Lending, LLC
NMLS# 173369 MB-0906989
Phone: 602-881-1414
Kings Throne Member 2003-2018
Apply Now

AZ: 602-881-1414
CO: 720-775-9866
APPLY NOW

AZ: 602-881-1414
CO: 720-775-9866
APPLY NOW

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Need cash for Holidays! ?? We are TURBOfast closing loans! We do ODD TERM refinancing! 27, 23, 17 year etc. Save you TENS OF THOUSANDS in Interest! Over 4100 Clients! AZ and CO only. Family owned View the tab "Current Rates" !
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Need cash for Holidays! ?? We are TURBOfast closing loans! We do ODD TERM refinancing! 27, 23, 17 year etc. Save you TENS OF THOUSANDS in Interest! Over 4100 Clients! AZ and CO only. Family owned View the tab "Current Rates" !
House value eppraisal
 
Desert Equity Lending, LLC NMLS# 173369 | MB-0906989
9856 E Aster Dr Scottsdale AZ 85260 Mortgages Originated by Desert Equity Lending LLC
Desert Equity Lending, LLC NMLS# 173369 | MB-0906989
9856 E Aster Dr Scottsdale AZ 85260 Mortgages Originated by Desert Equity Lending LLC

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Market Commentary

Updated on November 20, 2019 10:13:28 AM EST

This morning’s bond gains have caused the benchmark 10-year Treasury Note yield to fall below 1.78%. As long as that holds, it allows us to be optimistic that rates will move lower in the near future. At the very least, the risk of floating an interest rate eases for the time being. That can change with a single unexpected news release or event, so it would be prudent to still watch the markets if currently floating an interest rate and closing soon.

Today has no relevant economic data scheduled for release but does have the minutes from last month’s FOMC meeting. Traders will be looking for any indication of the Feds next move regarding monetary policy. The minutes will show what economic concerns members have that influenced their vote for a quarter point rate cut at the last meeting. They will be released at 2:00 PM ET, therefore, any reaction will come during mid-afternoon trading. These minutes may lead to afternoon volatility, or they may be a non-factor. Because they do carry the potential to influence mortgage rates, they should be watched.

Tomorrow has two moderately important pieces of economic data, both at 10:00 AM ET. The National Association of Realtor’s Existing Home Sales report is one. It will give us a measurement of housing sector strength and mortgage credit demand by tracking home resales in the U.S. This report is expected to show a small rise in sales, meaning the housing sector strengthened slightly last month. That would be relatively bad news for the bond market and mortgage pricing because a stronger housing sector makes broader economic growth more likely. However, unless it shows a significant surprise, it will likely not have a major impact on tomorrow’s rates.

Also set for release late tomorrow morning is the Leading Economic Indicators (LEI) report for October. This Conference Board release is a moderately important report that attempts to predict economic activity over the next three to six months. It is expected to show a 0.1% decline, meaning economic activity will likely slip over the next couple of months. Generally speaking, this would be good news for bonds. However, since this data is considered only moderately important, its results need to miss forecasts by a wide margin for it to affect mortgage rates.

 ©Mortgage Commentary 2019

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CALL TODAY for your no obligation quote: 602-881-1414

Mortgage Lending State: Arizona and Colorado

Contact us:

Ted Gehrke
Fax: 480-219-0849
Direct: 602-881-1414
Email: ted@turboloans.com

The data relating to mortgage loans and/or real estate for sale on this web site comes in part from the Mortgage 101 program. All data on this web site is deemed reliable but is not guaranteed.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other expert assistance is required, the services of a competent, professional person should be sought. The information contained in this publication is subject to change without notice.

DESERT EQUITY LENDING, LLC MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. DESERT EQUITY LENDING, LLC SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

security Provided by OpenClose Proud Partner of OpenClose for 11 yrs
Service Provider

 

 

CALL TODAY for your no obligation quote: 602-881-1414

Mortgage Lending State: Arizona and Colorado

Contact us:

Ted Gehrke
Fax: 480-219-0849
Direct: 602-881-1414
Email: ted@turboloans.com

The data relating to mortgage loans and/or real estate for sale on this web site comes in part from the Mortgage 101 program. All data on this web site is deemed reliable but is not guaranteed.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other expert assistance is required, the services of a competent, professional person should be sought. The information contained in this publication is subject to change without notice.

DESERT EQUITY LENDING, LLC MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. DESERT EQUITY LENDING, LLC SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

security Provided by OpenClose Proud Partner of OpenClose for 11 yrs
Service Provider