As usual, I'll lead with disclaimers "the views expressed here are the opinion of the author, based on an understanding that quite often the market doesn't do what any of us expect."
Mortgage interest rates are continuing to hold in the low 5's. Yesterday we were able to lock some customers, with solid credit and down payments, at 5.25 or even better if the customers were interested in paying a point to obtain a better rate for the next year. We should have today's rates at around 10 a.m. this morning.
What's affecting the rates right now?
Read entire article by going to Northwest Indiana Mortgage Bank - Daily Briefs