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February 12th Market Update: Rates creep back up

By
Mortgage and Lending with Homes Mortgage NMLS# 366970

Good Morning!

 

I can’t say this is a surprise but interest rates are higher than last week.  Did we honestly feel rates were going to keep going lower again?  It would take something monumental to do so.

 

We’ll keep it short and sweet this week.  Now that we’re almost 40 degrees warmer than yesterday morning, I plan on throwing on my cabana wear and putting a hammock up in the office. Feel free to stop by for a margarita J

 

Have a great week!

 

Matt

 

Rates: 30 year fixed at 4.375% (APR 4.44) and the 15 year at 3.375% (APR 3.474), FHA: 3.75% (APR 5.835): 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 cell I 651-770-0637 office

www.MattRoyer.com I
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mroyer@homesmortgage.net