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October 30th Market Update: Here comes Halloween!

By
Mortgage and Lending with Homes Mortgage NMLS# 366970

Good Morning,

 

Interest rates are continuing to trickle a little lower.  Today’s investing seems to be based on the Federal Reserve speaking today and whispers that tapering of Quantitative Easing will be announced.  If the whispers are to be believed, then this will be a short term timeframe for lower rates but I’m not expecting a monumental change.  It really appears that we have just postponed the slow climb upwards.

 

In the meantime, my wife has decided that tonight is the official trial run for the kids costumes.  We head over to her folks for the annual candy grab.  The grandparents eat it up and it’s a nice neighborhood to take two very young kids to. Since our youngest can’t eat candy yet, I guess I’ll be forced to eat his share…twist my arm J

 

 

Have a safe and entertaining Halloween!

 

 

Matt

 

Rates: 30 year fixed at 4.00% (APR 4.079) and the 15 year at 3.125% (APR 3.223), 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
 
Matt Royer
Mortgage Consultant, CMC | Homes Mortgage
NMLS# 366970
 
612-232-7646 c I
651-770-0637 c I 651-294-1001 f

www.MattRoyer.com I
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mroyer@homesmortgage.net
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