Oregon Mortgages

Its been 2 weeks?

Its been a while since I’ve had a chance to post in the blog and my apologies for that. Well on to some news now. There should be some market activity this week. July’s Producer Price Index (PPI) will be out later today and it is an inflation indicator. If I can get a chance to review what the reports are saying I’ll give a quick summary and what it means for market and what it will do to potential loans.

We definitely are hoping for a lower than expected index come later this afternoon. If reports come in higher than expected than we could see rates increase making it an urgent priority to lock your rates now if you don’t want to test the waters and see what happens. Everyone should be pulling for a lower than expected index, that way we’ll at least maintain current rates and they could even go down.