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As we mark the one-year anniversary of Hurricane Katrina, Tropical Storm 5 (Ernesto) is battering Grenada and its neighbors.
Should this storm strengthen and reach the Gulf of Mexico, it will be the first named storm in that region since last Fall.
It's too soon to sell if the storm will cause damage to oil pipelines, but oil prices are increasing on the threat, placing subtle downward pressure on mortgage rates.
SourceWeather.com -- Hurricane Centralweather.com, August 25, 2006http://www.weather.com/newscenter/tropical/index.html?from=hurricane_tracker
Dan Green (NMLS #227607) is an active loan officer with Waterstone Mortgage. Email Dan ator click to get a free, no-obligation rate quote.
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