December 16th, 2013
Interest rate trends: Today – Slightly lower; 10 days – Higher; 25 days – Flat
Interest rate recommendation: Cautious float
MBS’s are flat to slightly better this morning, helping interest rates to be slightly better today than on Friday. In today’s economic news, we saw both positive and negative reports as the economy tries to improve, but is obviously struggling. We’d like to float into Wednesday’s Fed Monetary Statement at noon our time, in hopes to see rates improve if Tapering is held off to next year. Should the Fed start tapering, which 33% of economists polled feel will happen on Wednesday, we would likely see rates worsen. On the technical charts, rates could go either way, there is no more pressure for them to go one way over the other. Investors are holding out for Wednesday’s statement, which will supersede any technical. Have a great day and be ready to lock should something occur to cause the market to worsen.
30 year fixed rate: 4.125% with 4.230% APR.
20 year fixed rate: 4.125% with 4.197% APR.
15 year fixed rate: 3.125% with 3.306% APR.
10 year fixed rate: 3.125% with 3.309% 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