Freddie Mac stated that mortgage rates remain unchanged from last week. Experts expect rates to take a vast and speedy turn next week as the Federal Reserve is scheduled to address the bond purchase program. 30-year loans averaged 4.57% this week while the 15-year loan also remained steady at 3.59%, both 0.01% away from a two-year high. Additionally, since May of this year, mortgage rates have increased more than a percentage point in the U.S. More here
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US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg
Should be an interesting week but personally I do not expect much to change unless the feds admit the economy is not near as strong as they hoped for and that they will remain in the game as long as needed instead of putting out ridiculius dates that causes panic and big sell off. From what I see I dont expect a lot of change but then again I also did not expect to see rates take a 1% jump in 2 days back in May either. We shall see
Sep 14, 2013 05:15 AM
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