Might as well use the Pony Express

As I watch and listen to the news talk about interest rates and how they have risen or dropped...I tend to chuckle to myself because they are usually about 2 weeks behind. And of course when the Feds make a decision or announcement they only affect mortgage rates in an indirect way immediately. But if one were to look at the time of the year, one might be able to predict what rates will do. For example we have labor day weekend coming up. This tells me 2 things; one is that families have been taking their last minute vacations and getting ready to send kids back to school and not selling their houses (rates rise) and second that after labor day there will be layoffs due to seasonal employment and unemployment will rise (rates should drop) . And then the same types of things will happen when retailers hire for seasonal employment and then lay off again.
last, we got spoiled with rates that start with 3....rates still start with 4 or less for some programs and sure as heck do not start with a 7 like they traditionally do. So quit whining about rates and take a look at if you can refinance your existing home or if you can buy a new home. Don't get left out this time.....and of course if you have questions or are looking for some assistance when it comes to mortgages, please feel free to reach out to me. In the meantime stay cool in this heat.