Mortgage Rates Report: October 17, 2007

Recommendation Change:       It's time to start floating those loans!  We should be watching mortgage rates drop lower these next 3-7 days. 

Do not lock in your mortgage rate at application; lower rates may be here next week. 

Two big numbers came out today:

1- Core CPI- That's the inflation number without the oil and food prices figured in, was lower than expected.  This means that prices of goods and services are feeling the pinch of higher oil and food prices

FULL REPORT 

 

4 Comments on Mortgage Rates Report: October 17, 2007

Interesting. Let's see what Matthew says.... I'll be standing by.

10/17/2007 08:29 PM by Portland Oregon Real Estate Broker * Jennifer Bukaty * (Bridgetown Realty, Inc.)

Ah, good news and better advice. Thanks Mr. BB

kk 

10/17/2007 09:23 PM by Kristal Kraft ~ Denver Real Estate (The Berkshire Group Realtors)

Brian.. Sounds good.. where do you see Jumbo loans.. will we see any lowering of rates for my market?

10/18/2007 01:44 AM by Manhattan Beach CA/ e-PRO..... Kaye Thomas... (Real Estate West)

Coming down, slowly, Kaye.  Wall Street flinched.

10/18/2007 06:22 AM by America's #1 Mortgage Broker

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Brian Brady- America's #1 Mortgage Broker
San Diego, CA
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