Friday’s Mortgage Rate News Extends Lafayette’s Winning Streak

Dated: September 4 2018

Views: 348

When is “Boring” Good News for Lafayette Home Loans?

The Mortgage News Daily gives the home loan industry’s workaday professionals something to read with their first cup of coffee. It catches them up on the latest numbers from the previous day’s activity and provides a running commentary on the why’s and what next?’s for mortgage issuers.

Friday’s edition gave Lafayette homeowners, soon-to-be homeowners, and those soon to be home sellers ample reason to head into the Labor Day weekend with renewed confidence in the current state of affairs. Friday’s lead headline in the MND provided the reason: “Mortgage Rates End Week Near Best Levels.”

The opening sentence began, “Mortgage rates caught a break…” and went on to explain that an array of underlying reasons continues to prevent home loan rates from rising. That extends a near-freeze in the low rates that have recently prevailed. Despite widespread expectations that home loan payments would increase throughout this year, rates have moved downward since April.

And lately?

Yawn.

Commentator Matthew Graham summarized the plight of journalists who cover the loan industry: “If You Like Boring,” his headline read, “You’re in Luck!”  “Mortgage rates didn’t move at all again today,” he groused. “If we broaden our definition of ‘sideways’ just a bit, we can legitimately fit most of 2018 into the same conversation.”

Lafayette home buyers and sellers might commiserate with the writer’s creative distress—but not so heartily that they would wish it otherwise. As long as the current Lafayette mortgage rates stay mired in the lower half of the historical range, they result in the kind of more affordable monthly payment quotes that widen the ranks of eligible buyers. It means nothing but good news, too, for Lafayette home sellers—and another sound reason to give me a call! Click here for more info on the home buying process and to get pre-approved! 

Homes for Sale in Lafayette

Abbeville
Breaux Bridge
Carencro
Church Point
Crowley
Duson
Maurice
Youngsville

==============================

Buying? ➡️ bit.ly/3bsanGy

FREE Home Evaluation ➡️ bit.ly/3eEQWvQ

==============================

Ted M. Daigle eXp Realty

Ph. 337-243-6108

ted.daigle@exprealty.com

1720 Kaliste Saloom Rd Suite B-2

Lafayette, Louisiana 70508

Ted M. Daigle | Realtor

995694847

www.337homesearch.com

==============================

 

www.listingwithted.com

Blog author image

Ted Daigle

About Ted Daigle – Realtor Growing up in Church Point, LA instilled values of hard work and dedication, which has carried over into every aspect of his life, including real estate. This Lafayette r....

Latest Blog Posts

LCG's Floodplain Management division is Lowering Rates for the nearly 8,000 Properties

LCG's Floodplain Management division is lowering rates for the nearly 8,000 properties that carry flood insurance within Lafayette Parish.  In 2021, these properties will see substantially

Read More

How to Get More Natural Light in Your Louisiana Home.

How to Get More Natural Light in Your Louisiana Home.There are plenty of benefits to natural light, from improving the mood in your house to getting more vitamin D and making your home a more

Read More

How to Not Regret the Paint Color You Choose for Your Home

How to Not Regret the Paint Color You ChooseThe secret? It’s all about the lighting. Here’s how to get it right. ReadVisit houselogic.com for more articles like this.© Copyright

Read More

How to Pick your Lender for your First Home or Refinancing in Acadiana

How to Pick your Local Lafayette Lender for your First Home or Refinancing Your local Lafayette lender is one person that can make or break you with finances towards your home. Before you become

Read More