JMAC’s brokers are watching rates shoot down and then back up again, the Republican convention, and violence around the world. Who cares about a primer on escrow? Well, we do, and as we see our brokers add staff we feel it is important that they and their clients know as much about the process as possible.
JMAC’s brokers are being asked by their clients, “Can mortgage rates move any lower?” The answer to that is, “Maybe.” No one has a crystal ball. Mortgage rates in the United States are currently near their all-time lows seen in 2012. There are certainly economists and investors arguing that rates will move higher, and rates will move lower – that’s what makes a market!