Townstone Financial

Mortgage rates started the week higher on Tuesday, but we're seeing some softening in the days since. Lots of purchase activity as the summer ends, are buyers settling or are more sellers coming to the table? We need to correct one of the biggest misconceptions about the current market: underwriting guidelines have NOT gotten stricter for residential mortgages. Commercial loans are another thing entirely... Future of the Fed? While 93% of traders are pricing in a rate pause at September’s Fed meeting, futures hikes aren’t off the table. Expectations for an additional increase in November have risen to 45%, according to the CME Fed Watch tool. As always, FREE 1 on 1 consultations available at: https://townstone.com/consultation-request/