Great News!

Unlike some of the Fed's earlier rate decreases - this one seems to have had a positive effect on mortgage rates. The bond market is reacting very favorably to the Fed's decision and we're seeing that in the 30 and 15 year mortgage rates. Hopefully, this will continue for a few days :)



Just today someone mentioned to me that everything in the market seems negative - my encouragement to you is that there are many good things happening in the mortgage market. We're helping people everyday lower their monthly payments, purchase homes, get money needed for college, etc. The news media loves to focus on the worst case. Please don't misunderstand - I know that there are real people with real problems right now, but it's not everyone in the country and even for those who think there is no hope, there's always a light at the end of the tunnel.



Blessings,

Karen

Integrity Guaranty

Starting Monday, you'll be hearing more about our Integrity Guaranty. Committed to serving you with integrity has always been the cornerstone of how we operate our business. However, in this ever changing market, we feel that it is important to put a guaranty behind how we've always operated. It's our promise that you won't be surprised at closing.

As the owners of Covenant, we welcome the call for improved standards of disclosure. We are both members of the National Association of Mortgage Brokers and have achieved the designation of Certified Residential Mortgage Specialists and are proud to have the seal of "Lending Integrity" through NAMB (http://www.namb.org/).

When it comes to your mortgage - as we often say - the biggest financial decision that most people will ever make - it's never been more important to know who you are working with and to make sure that it's a company and loan consultant that you can trust.