Good Afternoon,
After the past couple weeks shooting rates nearly as high as gas prices, I’m happy to report that we have finally seen a break to the volatile nature of interest rates with no change from last week to this week. Is this the eye of the storm? We can only guess for now.
Investor sentiment is always a fickle beast. What is keeping everything stable today may change as soon as Friday’s payroll report. With any luck, we’ll see a reversal of the steep trend that’s been taken.
On a personal note, is coffee the only effective way to fight off infant sleep deprivation? He’s not sleeping well so I keep giving him coffee…;-)
Have a great week!
Matt
Rates: 30 year fixed at 3.99% (APR 4.053) and the 15 year at 3.125% (APR 3.37), FHA: 3.625% (APR 5.721): 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 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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