On the subject of rates….a colleague of mine at Premier Lending Matthew J. Goulart (aka Matt) had this to say, “The last couple of weeks have been a bit volatile… With gas prices soaring and people begining to feel the pain of inflation, mortgage rates have been moving upward as well. Although the Nasdaq and DOW have been moving downward, bonds just haven’t recovered enough to make a major difference. We have to remember however, that the swings we have seen through the entire year, haven’t added up to even a .500% change in rates, which really… isn’t enough to make or break that monthly payment”.

You can reach Matt at www.centralcoastmortgage.org