Team Dutra Mortgages

Mortgage and Lending - Peoples Home Loans - NMLS 13530
 Mortgage rates spiked higher late last week, as investors bought stocks and sold bonds. The volatility continued this week, but the net effect was favorable for mortgage rates. Despite an upside surprise in the CPI inflation data and stock market gains, mortgage rates ended the week a little low...
 With investors focused on the outlook for global economic growth, it was another week of declines in both stocks and mortgage rates. Fed Chair Yellen's comments contained no major surprises and were roughly neutral. Current mortgage rates are not far from the record lows seen in 2012. The trend ...
Last week, we asked “how low can they go?” We find out this week that they can go lower. Of course, we're referring to mortgage rates. The trend in rates remains downward sloping, which is no surprise. Over the past five days, the 10-year U.S. Treasury note chipped off another 15 basis points, w...
Demand shifted from bonds to stocks over the past week. The economic data had little impact. As a result, mortgage rates ended the week a little higher.Under most circumstances, mortgage rates improve when stocks decline, and the reverse is true as well. We have seen an example of this relationsh...
It has been awhile, but economic growth has finally kicked into gear. Gross domestic product (GDP) growth for the second quarter was revised higher to 3.9% on an annualized rate. For most of 2015, and a good chunk of 2014, GDP growth has wallowed at 2% or lower.More encouraging, most everyone con...
Weaker than expected economic data released this week reduced the outlook for future inflation. This caused mortgage rates to improve, and they ended the week at their best levels since April.Friday's key Employment report was disappointing nearly across the board. Against a consensus forecast of...
Keeping you updated on the market! For the week of September 16, 2013                                               MARKET RECAP                                                        Are We Still Trending in the Right Direction? The answer to the above question depends on what trend is being ref...
  Keeping you updated on the market! For the week of November 5, 2012 MARKET RECAP “Dog bites man” has been a leading theme as we head toward 2013. By that, we mean we continually report on improving home prices; to the point where home prices are almost no longer longer news. We say “almost,” b...
    Keeping you updated on the market! For the week of October 8, 2012 MARKET RECAP At the beginning of the year, we were in the minority: we thought 2012 would see improving home prices in more metropolitan markets across the country. We've been surprised on the price front, and delightfully so,...
    Keeping you updated on the market! For the week of October 1, 2012 MARKET RECAP The problem with home-price data issued by S&P/Case-Shiller and the Federal Housing Finance Agency (FHFA) is that it's two-months in arrears. In today's age of instantaneous everything, two months can seem like an...

Michael Dutra

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Getting a mortgage when you purchase a new home or refinancing your existing mortgage shouldn't be complicated. At Peoples, we take pride in our ability to get you the best loan for your situation. We're accustomed to handling unique loan situations, and our programs are flexible, personalized and successful. A better life through a better mortgage is more than a marketing slogan, it is our mission. Our consumer friendly website provides you with all of the tools necessary to answer virtually any mortgage question. Trying to decide if now is a good time to refinance? Check out our Refinance Mortgage Calculator. Wondering if a new home equity loan or fixed rate second mortgage can lower your monthly payments? Use our Debt Consolidation Mortgage Calculator. Confused by all the loan programs from which to choose? Our Loan Program page will help you find the right type of loan for YOU. Need a customized quote? It would be our pleasure to prepare a personalized mortgage quote for the home mortgage program of your choice.