Good Morning,
Interest rates continued to rise last week after my market update but we are seeing a reprieve today, bringing us back to the same level we saw at this time last week. The main reason we are seeing rates starting to rise seems to be due to economic data coming out of Japan being less than ideal. This simply reinforces the idea that Europe’s economic woes are slowing growth over the world.
I wouldn’t expect any news causing another major change to interest rates negatively for the time being, we may even see rates lower slightly by tomorrow.
Stay tuned to the same Matt program on the same Matt channel…
Matt
Rates: 30 year fixed at 3.49% (APR 3.627) and the 15 year at 2.99% (APR 3.234), FHA: 3.25% (APR 4.059): As always rates change with individual credit scenarios and programs, APRs are estimated based off of a $250,000 purchase price with 20% down and a 740 credit score, if you want an exact quote, call. These are not quotes, merely a baseline measure to gauge how rates change from week to week.
Matt
Matt Royer
Mortgage Consultant, CMC | Homes Mortgage
NMLS# 366970
612-232-7646 c
651-770-0637 o
651-294-1001 f
www.MattRoyer.com
mroyer@homesmortgage.net
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