November 14th, 2013
Interest rate trends: Today – Slightly lower; 10 days – Slightly lower; 25 days – Flat.
Interest rate recommendation: Cautious float
MBS’s continue to improve slightly again for the 3rd straight day. While interest rates stayed the same, lender credits did improve this morning. Both MBS’s and the Dow are doing better this morning, mostly on the Fed’s Vice Chair Janet Yellen’s dovish comments on QE3. Janet is most likely the next Fed Chairman. We continue our cautious float recommendation, but have a finger closer to the locking button. In economic news, Q3 GDP came inline with expectations so no movement in the markets. Have a great day!
This email is sent out once per day, but on our website, on the “Interest Rates” page, you will see a “Current rate trend” indicator to see what interest rates are doing throughout the day.
30 year fixed rate: 4.000% with 4.104% APR.
20 year fixed rate: 4.000% with 4.072% APR.
15 year fixed rate: 3.000% with 3.162% APR.
10 year fixed rate: 3.000% with 3.157% APR.
Use the link below to see all our posted interest rates:
Please visit http://www.galmc.com for further information and/or to apply.
We hope to earn your business.
Have a great day and thank you for choosing Great American Lending.
Dale Packer, MBA
Spencer Packer – Colorado & Utah