Central bankers meet but aren’t skiing in this week’s Markets in a Minute!
Posted by Scott Edgin at August 24th, 2017
Rates may be quiet, but housing stats are making moves. Check it out!
Here is a quick overview of this week’s Markets in a Minute
Economy: Mortgage rates stable do to little economic news this week. Low inflation remains a concern. Fed speculated not to raise rates again this year unless inflation rises to around 2%. Housing News: July new home sales down 9.4% from June. However, May and June numbers revised higher. Median new home prices were up 6.3% over last year.
Stay tuned each Thursday for new Rate, Economic, and Housing updates. For questions and further insight, contact me at the email and phone number below.
If you are looking to purchase a new home, wanting a quick and simple rate and term refinance, or you are needing additional cash for home improvements and or debt consolidation, simply click on the following HERE and begin the Pre-Approval process today!
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NMLS#197135 The Mortgage Network, 303-394-2121
Office Location: Colorado Springs Office
Phone Number: 303-394-2121
Scott has spent the last 15 and a half years with GE Capital, Genworth Mortgage Insurance and Academy Mortgage. Originally hired in Chicago, Illinois, Scott served in a variety of leadership positions, which provided many opportunities for growth throughout the country including in: Illinois, Utah, North Carolina, and most recently, Colorado. If there is one thing Scott would share, it would be to jump in with both feet and give it your best—don’t sit on the sidelines and wonder ‘what if?’Living by this standard, Scott has made it a priority to be an active participant in each of these local mortgage lending communities, finding unique ways to bring value to the accounts he’s partnered with, and truly valuing relationships—all of which have generated great success. In December 2014, Scott was the first-ever vendor partner awarded the Community Service award, by the Colorado Association of Mortgage Professionals, for his outstanding leadership with Habitat for Humanity.
Scott and his wife, Shelly, reside in Colorado Springs, Colorado with their four children. He enjoys serving in the community as a basketball and baseball coach, Eagle Scout mentor, and volunteer youth leader for his church.
He holds a bachelor’s degree from Brigham Young University and graduated summa cum laude with his MBA from Westminster College. He strives to live his life by the following principles: (1) give others the credit for your success—you didn’t accomplish it alone, (2) always look for ways to serve and lift those around you, and (3) let the “scoreboard” speak for itself.
Latest posts by Scott Edgin (see all)
- Fannie Mae’s “Delayed Financing:” Pay CASH for your home today, then CASH-out tomorrow! - September 5, 2017
- Pre-Qualified vs. Pre-Approval…do you know the difference? - August 29, 2017
- Central bankers meet but aren’t skiing in this week’s Markets in a Minute! - August 24, 2017