Market Update July 22, 2016

viral-vicHello Friends,

Rates have been floating up ever since we hit bottom for all of two days, 7/5 – 7/6. I think we are ripe for another run at that low level in the next few weeks. I have been setting up borrowers in the lending queue to give them a better chance to capture the low once we hit it again. The first wave that I locked in the week of July 5th is off and running with closings starting in the first week in August. The second wave is in process and waiting on rate. Now I am working on the third wave which are the stragglers who also have a great chance of capturing this low rate environment.

I am still not able to be proactive and reach out to my existing client base but am doing my best to help people who reach out to me. Please reach out to me if you want to see if it makes sense for you to refinance your mortgage to get to a lower rate, shorten your term, or to refinance your mortgage to get to a lower rate, shorten your term, or to take cash out.

Thanks,

Viral (Vic) Joshi

Loan Consultant/Branch Manager

C2 Financial Corporation

510.655.2868 Direct

510.853.2407 Cell

510.291.2824 eFax

viral@vicjoshi.com

www.vicjoshi.com

BRE# 01242935

NMLS# 244388