Mortgage Rates rose some this Week due to the Iran conflict and rising Oil Prices, which has caused significant and almost exclusive upward movement in interest rates for the entire month of March.

Average 30yr fixed rates have been at or near the highest levels in 7-8 months over the past 4 days. Today easily took them to slightly higher levels as global financial markets lost ground. The move lines up symmetrically with lower stock prices and higher oil prices.

Until there’s meaningful and lasting de-escalation of the Iran war, the safest bet is for more short term volatility for interest rates.

We specialize in providing Loan solutions for self-employed individuals, including business owners, with “Other” W2 or 1099 income. Our focus is on offering Bank Statement Loans with a quick and efficient process, allowing banks to compete for your mortgage business.

To learn more or a free Analysis please phone me at 866-310-1112 or email me at Danc@dansrealestateloans.com.

My Loan Team and I always respond promptly.

Thank you again!  Dan