November 19th, 2013
Interest rate trends: Today – Flat; 10 days – Flat; 25 days – Flat.
Interest rate recommendation: Very cautious float
Interest rates are flat this morning with no big economic news being released today. MBS’s are at -3bps and the Dow is hovering around the 16,000 mark. With 5 straight days of improvement to MBS’s and today’s lack of movement either way is of concern and thus a cautious locking bias would be advisable although industry experts are still floating very cautiously. Tonight Fed Chairman Ben Bernanke will be delivering a speech, which will most likely reiterate Janet Yellens dovish comments from last week that boosted MBS’s and helped interest rates. We still do not fee interest rates will go one way or the other significantly until the earliest Spring 2014. 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 4.041% APR.
20 year fixed rate: 3.875% with 3.990% APR.
15 year fixed rate: 3.000% with 3.108% APR.
10 year fixed rate: 3.000% with 3.078% 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.
Dale Packer, MBA
Spencer Packer – Colorado & Utah