Good Morning,
First a quick synopsis of the market. Rates are holding steady but are teetering on moving back up due to a lot of hope on investors part that the fiscal cliff talks will result in positive gains in the stock market. Which would move money out of mortgage bonds and drive interest rates up.
That being said, what are your holiday plans? Ours are up in the air a bit as we’ll be hosting Christmas day or based on the early contractions from my wife, be in the hospital while my family enjoys our home. Our official due date is Jan 21st but Elle came 3 weeks early so we had been planning for New Years. Now we’re just hoping to make it to 36 weeks so the new addition to our family will be large enough to come home with us immediately.
If we aren’t occupied with birth, we’ll be spending time with my parents as well as my Brother’s family from Kentucky, with their two little daughters. We’ve been looking forward to seeing them for over a year and a half. Hopefully we’ll be able to spend a little time with them J
Have a safe, happy and absolutely wonderful Christmas and Holiday season. I surely plan to enjoy it, whatever it may be.
Matt
Rates: 30 year fixed at 3.25% (APR 3.385) and the 15 year at 2.75% (APR 2.992), 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.
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