Monday's Mortgage Rate Update 7/8/13 Rates Are 4.65%!!!
By Mike Hendrickson, Fine Homes, Short sales, excellent client services
(Premier Agent Network)
Rates are up today! The 30 year conventional is up to 4.65%! Just a month and a half ago we were in the mid 3.5 % range! Now we are 1.15% up from there! Where are they going next? My guess is above 5% in the next 6 months. What's up this week! FOMC Minutes And Treasury Auctions Today:no significant data Tuesday:no significant data Wednesday:FOMC Minutes Thursday:Jobless Claims, Prior 343K , Consensus 337K.Import Price Prior -0.6%, Consensus0.1%Export PricesPrior -0.5%, Consensus-0.1 Friday:Producer Price Index, Prior 0.5%, Consensus0.5% Dow is trading at 15,239 +104.2the 10 yr bond is at 2.66 from 2.68 Friday, . Currently point structure is higher from Friday Conv. – 4.625% FHA. - 4.375% La...
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