Good Morning
Rates have lowered a little this morning after a bad day in the stock market yesterday. As always, there are multiple reasons why this may have happened, one theory is that this big move was in part due to China raising interest rates unexpectedly. The theory goes that if China’s economy slows down, then the world economy will most likely be affected as well.
Of course, Stocks are bouncing back today and although we haven’t seen this conversely affect the mortgage bond market as of yet, there is a strong possibility we could see a reversal in the next few days….of course, in this market climate…there is also a possibility they will stay right where they are at J.
So, on to the baby news: Our little girl, Elle (‘L’), is just over 3 months now and is occupying all of our free time as expected. I’m thinking of buying some stock in coffee with all my intake lately but other than the sleepiness, we’re absolutely ecstatic to have this little girl in our lives.
Have a great week.
Rates: 30 year fixed at 4.125% and the 15 year at 3.50%, FHA: 4.25%: As always rates change with individual credit scenarios and programs, with credit in the mid 700s and a 20% down payment these rates are what you should be seeing
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