MBS’s continue to improve slightly

November 15th, 2013

Good morning!
Interest rate trends: Today – Slightly lower; 10 days – Slightly lower; 25 days – Flat.
Interest rate recommendation: Cautious float
MBS’s continue to improve slightly. Interest rates remain the same while lender credits improve slightly. The Empire State Manufacturing index came in worse than expected, giving support for the current interest rate trend downward. Mortgage interest rate analysts continue to recommend floating and feel tapering of QE3 won’t occur until the earliest March 2014. We echo the same sentiment. Have a great day and enjoyable weekend!
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 4.073% APR.
20 year fixed rate: 4.000% with 4.028% APR.
15 year fixed rate: 3.000% with 3.144% APR.
10 year fixed rate: 3.000% with 3.130% APR.
Use the link below to see all our posted interest rates:
Please visit http://www.GreatAmericanLending.US 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.
Thank you.
Dale Packer, MBA
Spencer Packer – Colorado & Utah