Consumers Are Not So Confident!

Consumers Confidence came out lower at 105.4 which caused a rally in our rates. If they hold on Wednesday rates may drop .125 % lower. The big news will be employment (or the lack of it) on Friday. The Feds are watching for signs of a strong economy which would give them a reason to raise rates. Home prices are still dropping so enjoy the ride and get the home you need at the right price and the right rate and fees.The first thing is that you need to have good credit scores. You can check your credit scores online at My Fico.Com or Equifax.Next, you need to have some savings for a 5% or more down payment. Do you have a good way to save for a down payment? We highly recommend Emigrant Direct. They pay one of the highest rates in the country on their savings account, with no minimums, no fees.