Mortgage and Market Update for August 10th
Economic News: The “Dog Days of Summer” are here and as described by Wikipedia...”are the hottest, most sultry days of summer...” and that is exactly what we are in for this weekend in the Bay Area. As far as economic news goes this was a quiet week. Nothing to report so...
Have a Great Weekend and head toward the coast to stay cool!
Mortgage Markets: The 10 Year Note is currently trading at 1.649% which is just a tick higher than the 1.566% close last week. Mortgage rates have been under moderate pressure this week.
Next Week’s Reports: Tuesday: Producer Price Index, Retail Sales Wednesday: Consumer Price Index, Industrial Production, Housing Market Index Thursday: Housing Starts, Jobless Claims Friday: Consumer Sentiment
While I do not originate loans I make it a habit to keep abreast of mortgage & market conditions. If you are thinking of purchasing a home the first step is to meet with a mortgage professional. I will gladly provide several top-notch Bay Area advisers for your review if you are in need of a referral.
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