Southern Equity Mortgage Services
A Georgia Mortgage Broker

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Friday, January 29, 2021

Need a rate quote?  Just click  "Contact Us" above and complete it ... to get a current quote with No obligation and NO SSN required !   We Guarantee are Closing Costs! 

 

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WE ARE A LOCAL GEORGIA MORTGAGE BROKER

Contact us for a pre-qualifacation letter or an Estimate of Costs with the latest rates

 

Phone - 678-947-4204

Cell - 678-523-1021

Fax - 678-935-3987

bcuris@southernequitymortgage.com

 

A Georgia Residential Mortgage Licensee

GA License # 19880

NMLS # 151260

6820 Black Fox Lane, Cumming, GA  30040

 

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Friday, January 29, 2021

 

Georgia Residential Mortgage Broker
 
- low rates & low cost and fast close. 
 
- Call today for no obligation quote!! 678-523-1021
 

 

 

Market Update

 

 

 

 

 

For mortgage markets, concerns about the spread of variant strains of Covid roughly offset stronger than expected inflation data this week. Wednesday's Fed meeting produced no surprises and the reaction was minor. As a result, rates ended the week with little change.

The reduced economic activity resulting from the pandemic has caused a decline in inflation, which has been one of the factors responsible for record low mortgage rates. However, investors are now concerned that the trend may have reversed and inflation may be heading higher. In December, the core PCE price index was 1.5% higher than a year ago, which was well above the consensus forecast, and up from an annual rate of increase of 1.4% last month.

 

After enormous swings due to the pandemic, gross domestic product (GDP), the broadest measure of economic activity, appears to be returning to more normal growth levels. GDP declined a stunning 31% annualized during the second quarter of 2020 and then increased at a comparable rate of 33% annualized during the third quarter. By contrast, fourth quarter GDP growth was 4.3% annualized, which was close to expectations, and more in line with historical readings.

 

As expected, the Fed made no changes in the federal funds rate or in its massive bond purchase program, and the meeting statement was very similar to the prior one. Officials noted that after a "sharp rebound" in economic activity over the summer, growth has "moderated in recent months." There was no additional guidance on the magnitude or the duration of future bond purchases. The Fed intends to continue its highly accommodative monetary policy until its goals for unemployment and inflation are achieved.

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Southern Equity Mortgage Services, has been assisting clients with mortgage financing since 2005.  As the owner/operator - William Curis, I'm  committed to you the customer, from the start in providing accurate quotes to locking in the most competitive rate/cost and finally making sure the funds are there when you close the loan.  I'm available 24/7 so call/email or text me @ 678-523-1021.

Check out our Customer Testimonials link ... surveys customers fill out about our performance. 

Thanks so much for your business!!

Bill Curis   

 

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