November 25th, 2013
Interest rate trends: Today – Flat; 10 days – Higher; 25 days – Higher
Interest rate recommendation: Locking
MBS’s begin the day slightly better, currently at +6bps. Interest rates remained the same as Friday while lender credits improved slightly. Talk on QE3 tapering has caused volatility in the interest rate markets and a general worsening over the last week. The Pending Home Sales Index came out worse than expected today, supporting MBS’s and putting a halt to the Stock market rally. Today the U.S. Treasury will auction $32 billion in 2yr notes (debt), the results of the auction will be released around noon. We don’t expect much movement. Tomorrow and Wednesday there is a good amount of economic news being released. We’ll wait and watch, just like investors are, to see if these will give us an idea of the direction the U.S. economy is going. With a holiday shortened week, trading is likely to be light and volatile. 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 4.125% APR.
20 year fixed rate: 4.000% with 4.101% APR.
15 year fixed rate: 3.000% with 3.217% APR.
10 year fixed rate: 3.000% with 3.236% 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