The good news is that they’re still lending money! Mortgage rates are still amazingly low. Lock in today!
Mixed news today has the market confused and most likely sitting tight until the results of this afternoon’s Beige Book AND the 10 Year Treasury auction. Bond pricing is absolutely flat at the moment; the Dow is up 106. As you can see from the pricing graph below, we have had an incredible run up in price over the last seven weeks, resulting in lower interest rates across the board. 30 Year FHA fixed is at 4.625% right now.
Jeremy Plouzek, CML, ALM
Security Home Mortgage
576 South State, Orem Utah 84058
Office: (801)764-0111
Today’s Wall Street Journal has a fascinating article. Fascinating, or horrifying.
