Mortgage rates settling in for now.
Well now is a long time, especially in the world of interest rates, lol.
The markets dont have much news release for today, the little is listed below, so today's picture should be overall quiet with a typical tendency towards caution (very slight deterioration).
- Personal Income: Actual 0.3%, prior 0.4% (consensus 0.3%)
- Personal Spending: Actual 0.0%, prior 0.4% (consensus 0.1%)
- PCE Prices - Core: Actual 0.3% prior 0.2% (consensus 0.2%)
You would thinkthat the personal spending going to 0 would be good but in the world of finance and economics its bad on the economy to not have it go back in, so that coupled with the income and PCE prices being on target I don't think we are going to see much from today.
The FNMA 4.0 is currently down 9bps and is sitting at 101.156 (likely no change to rates from Friday) and the 10Y is down slightly as well to 2.88%
Rates are excellent, prices are at 11 years lows and financing is still available NOW is the time to take advantage of this historic market!
If you have questions on rates or markets or investment strategy, or are looking for a home in Colorado, please contact me