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Today's Mortgage Rate Update for Tuesday 1/8/2013

By
Real Estate Agent with Premier Agent Network

Good morning to all!  We still have interest rates that are so low!  I am seeing demand really picking up and several offers on properties here.  Short sales and foreclosure numbers are dropping like a rock.  And the ones we do have they are getting several offers, up to 7 in one case, and the buyers have to be aggressive!  It really makes you wonder if we are going to see more inflation in the future.

 

The Day Ahead: No Real Economic Data, Bond Markets Search for Guidance
 
Dow is trading at 13,329-54.72, the 10 yr bond is at 1.87 from 1.90 Yesterday, . Currently mortgages areslightly better from Yesterday
 
Conv. - 3.375%
FHA. -  3.25%          
 
Buy real estate now!  Prices are going up!!!
 
acre lots in atascadero