After sharp increases in mortgage rates last week, we’re starting the week with some much-appreciated relief from the market.

But what’s good for mortgage rates may not be good for the overall economy. “Stagflation” is quickly becoming the new economic buzzword, meaning an economy plagued by a combination of inflation AND slower growth.

And we had our 1st official bank failure of the year Friday 4/26, as regulators seized Republic First Bancorp, a troubled Philadelphia lender.

Townstone Financial NMLS#136639 is an Independent Mortgage Broker: that means offer our customers more products, better rates, lower costs, and a higher level of service when compared to the competition.

If you haven’t discovered this for yourself yet, set-up a FREE consultation at https://townstone.com/consultation-request/

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