It's been a very cruel October for would-be buyers, with average 30-yr mortgage rates spiking on concerns about job market strength, stubborn inflation, and fast-rising US debt levels.
Looking on the bright side, however, inventory levels continue to rise and competition levels are falling.
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This mortgage rate spike will show people that the FED rate has very little to do with the mortgage rate. Watch those 10 year Treasuries.
Hello Peter and one of my lenders email a rate sheet every Friday and looks like the rates when up yesterday again.
Thanks for sharing, enjoy your weekend, and here's a GOOD LUCK to your favorite Football Team! Bill
Bill Salvatore / Arizona Elite Properties
| Thanks for sharing your market update. Great information for buyers and sellers in your area. |
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