Mortgage interest rate update Monday May 16, 2016

By
Mortgage and Lending with PrimeLending NMLS 135370

Mortgage interest rate update Monday May 16, 2016 by Bruce Brown, Branch Manager and Senior Loan Officer with PrimeLending in Kansas City. There is a data outage this morning that is affecting the providers of mortgage bond prices so there will not be a video update.

Interest rates continue to remain range-bound however and this upcoming week brings several housing reports along with inflation (CPI), manufacturing data, and the very important release of the minutes from the last Fed meeting. Most feel that a rate hike from the Fed is off the table at their June meeting and these minutes could go a long way to confirming that.

Posted by

 

Bruce Brown

Branch Manager

 

NMLS: 135370

816.286.4663 (Direct)

816.377.0437 (Mobile)

 

866.242.9648 (Fax)

3200 NE 83rd Street

 

Kansas City, MO 64119

bbrown@primelending.com

www.dollarsandhomes.com

 

       

 

PrimeLending NMLS: 13649. Equal Housing Lender.

     

 

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