Email during business hours is usually answered within 60 minutes. After hours mail is answered by the next day. If you are new to mortgages, or need a refresher course, please read the frequently asked questions . Mortgage Market Commentary by Mark Leaver, Broker Benchmark yields moved lower on news that the Unemployment Rate came in higher than expected. In short, higher unemployment dampens inflation, which is the nemesis of fixed income securities like mortgages and bonds.
Appraisers are in short supply due to surging refinance volumes.
The availablity of an appraisal will be the most influential factor in your loan refinance process. Simply put, loans cannot close without an appraisal. One online mortgage brokerage, E-Loan, advertises mortgage rates that can be locked for 15 days. That's about as valueable as the proverbial wooden nickel. Rates are subject to change without notice.