December 13th, 2013
Interest rate trends: Today – Slightly lower; 10 days – Higher; 25 days – Flat
Interest rate recommendation: Locking bias
MBS’s are flat to slightly better this morning, but worse than about an hour ago. Today the PPI came out showing inflation still very well under control, giving MBS’s an initial boost earlier this morning. Most investors are now on a wait and see what Fed says next week at their statement after the 2 day meeting. The Fed statement will occur on Wednesday the 18th around noon. More analysts are expecting Tapering to occur next week, but Morgan Stanley and others (including us), feel it will still not happen until March 2014. We maintain our locking bias due to the upward trend, but we do expect some reprieve after the Fed statement on Wednesday. Have a great day and stay warm this weekend!
30 year fixed rate: 4.250% with 4.302% APR.
20 year fixed rate: 4.125% with 4.226% APR.
15 year fixed rate: 3.250% with 3.340% APR.
10 year fixed rate: 3.125% with 3.335% 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