Lower Mortgage Rates Prompts US Mortgage To Tell Consumers ‘Take
Advantage of Rates’
on: November 26, 2008, 10:29 am
Release Author: Pasch Consulting Group
Release Summary: US Mortgage, a diversified mortgage products
and services provider that offers net branch affiliate programs,
commented today about how mortgage rates held even despite last
week’s historic changes, which has resulted in a time for
consumers to take advantage of historically low interest rates.
Release Body: In a time of historic changes last week in the US
financial markets, mortgage interest rates held pretty much even
across the board. With the market making the largest one-day drop
in decades and also one of the largest one day gains in a long
time to mention nothing of the historic $700 billion bailout package,
the country would have expected something to happen with mortgage
rates. Instead, the country experienced the smallest changes in
mortgage rates it’s seen all year.
experts think the markets reacted somewhat positively to the bailout
but at the same time the economic outlook has soured. Additionally,
the initial positive reaction to the bailout has softened as some
have started to question whether the bailout will actually work.
Subsequently, in a week of unprecedented changes in the mortgage
industry, mortgage rates didn't move an inch.
all the historic moves economic moves as of late,”
added Frank Kuri, Vice President of Net Branch Development
at US Mortgage Corp., “there has never been
a better time to take advantage of historically low interest rates.
Our net branch affiliates are ready to help our customers leverage
these opportune times.”
Headquartered in Pine Brook, NJ, US Mortgage is a licensed mortgage
banker founded in 1996. US Mortgage’s owners and principals
founded West Jersey Community Bank, a de novo corporation, prior
to the incorporation of US Mortgage. Sharing the vision of a national,
multi-platform, mortgage banking organization, the company subsequently
broadened the business with the formation of CU National Mortgage,
a national provider of transparent mortgage services for credit
unions; US Capital Markets, a secondary market resource to investors
and sellers; Icon Residential Capital, a national wholesale lender
and BranchLink, the branch affiliate program that is bringing
US Mortgage to locations throughout the United States.
more information, visit http://www.usmtg.com.
Details: Frank Kuri
Vice President Branch Development
U.S. Mortgage Corp
19D Chapin Road
Pine Brook, NJ 07058