RMI Atlantic

What a fascinating and tumultuous time is upon us! Both the housing
and the mortgage market are convulsing wildly! There are so many facets
to the “big picture” that I would never presume have all the answers, so
the following disclaimer is in order: I am a mortgage broker and the
following is my opinion based on my experience and my knowledge. You
might agree with me, you might not. Away we go…

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Mortgage rates showed substantial
declines for the previous week according to Freddie Mac’s
Primary Mortgage Market Survey. Similar drops were recorded by the
Mortgage Bankers Association (MBA) in its Mortgage Applications Survey
for the week ended October 26.

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