December 17th, 2013
Interest rate trends: Today – Slightly lower; 10 days – Higher; 25 days – Flat
Interest rate recommendation: Cautious float
Interest rates are the same today as yesterday. MBS’s are slightly better this morning on mixed economic news. Inflation numbers for November came in tame, helping to support current interest rate levels. The National Association of Homebuilders Index rose 4 points to 58, showing a good demand. The Treasury will sell $32 billion in 2 year notes today, which tends to help interest rates slightly even though it is added supply for investors to choose from. More analysts and economists are predicting the Fed will announce tomorrow the beginning of tapering to QE3. There are arguments on both sides to whether any tapering will help or hurt interest rates. We still fell the Fed will wait until March to begin tapering and when tapering begins, interest rates will increase. All eyes are on tomorrows Fed monetary statement at noon mountain time. Have a great day!
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