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Weekend Update For Mortgage Rates 8-10-13 Rates Are Stable!

By
Real Estate Agent with Premier Agent Network

Rates have been holding steady this last week.  But if we start to "taper off" the Fed buy programs and if they raise rates we can easily shoot up to 5% plus.  That is why it is so important to buy now!

See www.myslohomefinder.com for all your San Luis Obispo County home search needs.

 

 

Last week-

 

       

 

 Dow is trading at 15,394  -102  the 10 yr bond is at 2.59 from 2.59 Yesterday, . Currently point structure isunchangedfrom Yesterday.

 

 

 

Conv. – 4.25%­­

 

FHA.  _ 4.125%    

 

 

 

Have a super weekend!!!

 

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David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

No doubt rates can get volatile and anyone who believes otherwise need to look back 3 months to May when rates were a full point less than today and turned in a matter of 2-3 days!

Aug 10, 2013 04:01 AM
Mike Hendrickson
Premier Agent Network - San Luis Obispo, CA
Fine Homes, Short sales, excellent client services

Great points!  Just wait until the "taper" kicks it!  Thank you for your comments!

Aug 10, 2013 04:09 AM