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My name is David Dortch Johnson. I have lived in Scott Arkansas from the age of four. I attended Catholic High School and the University of Mississippi, where I earned my Degree in Political Science with a minor in History. I have a beautiful wife named Bethany. My son’s name is Carter. We also have ...

What’s Ahead For Mortgage Rates This Week – July 25, 2016

Last week’s economic news included readings on builder confidence in housing market conditions, housing starts, building permits issued and existing home sales. Weekly reports on mortgage rates and new jobless claims were also released. The National Association of Home Builders reported that home builder confidence fell one point in July to 59 as compared to an expected reading and June reading of 60. Builders again cited shortages of buildable lots and labor.

Need to Discuss – 3 Tips When Shopping for a New Home Loan

3 Tips When Shopping for a New Home Loan3 Tips When Shopping for a New Home Loan

Finding a new home loan can seem challenging, but if you take the proper steps before you start applying for loans, you’ll have no difficulty finding a mortgage that works for you – and a lender that would love to have you as a borrower. Shopping for a mortgage isn’t like shopping for a couch, and there’s a lot that goes into the process.

So how can you shop for your new home loan in a way that saves you time and gets you the best loan for your needs? Here’s what you need to know.

NAHB: Home Builder Confidence Slips in June

Whats Ahead For Mortgage Rates This Week June 1 2015Whats Ahead For Mortgage Rates This Week June 1 2015

Home builder confidence fell slightly in June to a reading of 59 according to the National Association of Home Builders Housing Market Index. Analysts had expected no change to June’s reading of 60. June components of the HMI were also lower. Builder confidence in current market conditions dropped by one point to 63; builder confidence in market conditions over the next six months fell three points to a reading of 66. The reading for foot traffic in new single-family developments dropped one point to 55. Readings over 50 indicate that more builders than fewer are confident about housing market conditions.