Mortgage rates settling in for now

By
Mortgage and Lending with US Mortgages - David Shamansky NMLS#392126

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 

usmortgages colorado direct lender

 

Posted by

araward

Colorado 1st Time buyers, if you are ready to stop renting, get the many benefits from home ownership, or maybe your a current homeowner looking to move up or maybe looking into what it takes to become an investor in this incredible market, that WILL create millionaires, and you are looking for a strategy, answers and direction, please feel free to call or email me. My 22yrs in mortgage lending and 30+ years in finance gives me an in depth knowledge, critical to helping others and making their dreams go from dream to reality!

David Shamansky
"Positive reinforcer, promoter, success coach, entrepreneur, team builder, wealth builder, blessed individual, business leader and professional lender"

US Mortgages
6855 S Havana St Ste 520
Centennial CO 80112
720-524-8020
NMLS#392126
Equal Housing Lender

*photos used may come from my personal pictures or www.freedigitalphotos.net

 

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