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Mortgage Rate Update for Friday 1/11/2012! Rates Are Creeping Up!

By
Real Estate Agent with Premier Agent Network

It looks to me like rates are creeping up!  Is inflation coming back?  If anyone is on the fence, they need to get that refi or purchase going!

See my web site for all your San Luis Obispo home needs www.myslohomefinder.com

 

The Day Ahead: Nothing exciting
 
        The U.S. trade balance in November widened sharply even as exports gained. Imports surged with new iPhones playing a key role. The trade deficit expanded to $48.7 billion from $42.1 billion in October.Import prices continue to remain very soft, down 0.1 percent in December for a minus 1.5 percent year-on-year rate.The Export Prices are more of the same with total prices down 0.1 percent following a 0.7 percent decline in the prior month.
 
Dow is trading at 13,469-2.82, the 10 yr bond is at 1.91 from 1.90 Yesterday, . Currently mortgages areslightly worse from Yesterday
 
Conv. - 3.5%
FHA. -  3.25%          
 
Enjoy the weekend!  Have some great open houses!
 
millioin dollar san luis obispo homes
 

Comments (2)

Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

Looks like they are going up along with home prices and cost of living.

Jan 11, 2013 01:02 AM
Mike Hendrickson
Premier Agent Network - San Luis Obispo, CA
Fine Homes, Short sales, excellent client services

I agree!  I think eventually we are looking at a rise in all the hard assets, especially housing! 

Jan 11, 2013 01:05 AM