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Tropical Storm Ernesto May Help To Lower Mortgage Rates

Posted on August 25, 2006
Filed under On Weather
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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.

Source
Weather.com -- Hurricane Central
weather.com, August 25, 2006
http://www.weather.com/newscenter/tropical/index.html?from=hurricane_tracker

Dan Green is an active loan officer. Email or call 513-443-2020. Dan is on Twitter at @mortgagereports.

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Tropical Storm Ernesto May Help To Lower Mortgage Rates

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