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Mortgage Insider - June 17th 2024

Retail Sales Could Spark Further Rally in Rates All eyes are on mortgage rates after several weeks of key economic reports and a Fed meeting. Purchase apps rise anytime rates flirt with the 7% level, so there is pent-up housing demand if we can get rates lower. Watch for Retails Sales Tuesday for the next potential indicator. This Mortgage Insiders update and similar such communications are for informational purposes only and are based on publicly available information. These materials are general communications, which are not impartial, and are provided solely for discussion purposes, and not in connection with any product or service offering. The opinions and views expressed in this market update are as of the date of this communication and are subject to change. Any forward-looking views and statements contained in this update are based on current estimates or expectations of future events or results. Actual results may differ materially from those described in this market update. The views expressed in this communication should not be attributed to American Financial Network as a whole and may not be reflected in the strategies and products offered by American Financial Network. Brian M. Cushing, NMLS ID #303045 is licensed to do business in the states of: Oregon, California, Colorado, Idaho & Nevada. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act; NV License #3688; American Financial Network, Inc. CORP NMLS# 237341. Equal Opportunity Employer. Equal Opportunity Lender. 10 Pointe Drive, Suite 330, Brea, CA 92821.