C. Thornton & B. Doran

I met David through a previous job I held where I had the chance to work side by side with David. After learning David had an exceptional amount of experience in the Mortgage and Real estate world, my fiancé and I came to him immediately to secure our home loan for our first home. David never missed a beat and was by our side 100% of the way through our home buying experience. He found us the best option that suited all our needs and made sure we understood every detail. We never once felt pressured or overwhelmed when working with David and found he was always available whenever we had questions. What sets David apart from other mortgage brokers is his wealth of knowledge and overwhelming dedication to his work and clients. Even after we bought our home he is still checking in on us to this day answering any of our questions and making sure our home is working out for us. I can honestly and confidently say I would recommend David Haley to anyone of my family or friends.

February of 2015 is a Bad Month for Mortgage Rates

Following the recent jobs report, and with the turmoil in Europe showing no signs of subsiding, February has quickly turned into a bad month for mortgage rates. As of the 17th, rates have risen at the fastest day-over-day pace since November 8th of 2013, making this the worst month for mortgage rates since May of 2013.

It’s hard to say what we might look forward to as the month comes to a close. Rates could just as easily turn around as they could get a lot worse. Much of this rides on whether or not Europe turns a corner. Many people anticipate that Europe will continue to slide until the central bank engages in a US-style quantitative easing, which some are expecting to happen sooner rather than later. Unfortunately, every increase in rates here brings on the risk of a long-term rise, so floating is not generally a good option for people without long term time horizons.

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