See the current mortgage rate update for Thursday 2/7/2013! My question is- are we seeing the start of higher inflation with an improvement in jobs and housing prices, and rents, spiking up!
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The Day Ahead: Jobless Claims
A favorable but very slowly favorable trend is evident in initial jobless claims which are down 5,000 in the February 2 week to 366,000. This level is a bit higher than the 360,000 Economist consensus but when averaged out, points to month-to-month improvement. The four-week average is down 2,250 to 350,500 and is down more than 15,000 compared with early January.
Dow is trading at 13,875-111.08, the 10 yr bond is at 1.98 from 1.99 Yesterday, . Currently mortgages arebetter from Yesterday
Conv. - 3.5%
FHA. - 3.25%
Is inflation coming back?
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