Philadelphia Mortgage Update: March 5, 2012
Philadelphia Mortgage Update: March 5, 2012
Here’s the weekly mortgage update and rate sheet Jason Griesser:
Rates were pushed higher earlier in the week with some testimony from the Federal Reserve Chairman, Ben Bernanke. He made no mention of further easing by the Fed which somewhat surprised the markets – and as we know any time the markets are surprised they will move accordingly. Either way, later in the week the rates came right back in line when markets remembered they still have to contend with the issues we have been mentioning in Europe over the last several weeks. The rates remained largely unchanged at the end of the week and we REMAIN at HISTORICAL LOWS!
All indications are that spring/summer 2012 real estate sales are going to be huge. There’s an energy and excitement you can feel in the air.
Jason F. Griesser, CMB
Sr. Mortgage Consultant
Trident Mortgage Company, Lp
NMLS# 137179
Ph: 215-440-2073
Fx: 610-650-5611
[email protected]
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Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog
Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
[email protected]
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