January 3rd, 2014
Good morning & Happy New Year!
Interest rate trends: Today – Flat; 10 days – Flat; 25 days – Slightly higher
Interest rate recommendation: Cautious float
MBS’s are flat this morning, there are no economic reports due to be released today. There are however several Fed members speaking around the country and their comments could cause some market movement. Most comments we read and analyst opinions are weighing more to higher interest rates this year. We agree to the extent that interest rates will increase, but don’t feel they can increase too much or the fragile economy will falter. For the risk averse, locking is a safe way to go, but we will continue to cautiously float through the weekend. Have a great day and nice winter weekend!
Have a great day and happy New Year!
30 year fixed rate: 4.250% with 4.352% APR.
20 year fixed rate: 4.125% with 4.281% APR.
15 year fixed rate: 3.250% with 3.408% APR.
10 year fixed rate: 3.125% with 3.407% APR.
Use the link below to see all our posted interest rates:
Please visit http://www.galmc.com 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, NMLS#4493
Spencer Packer – Colorado & Utah, NMLS#363407
McKay Platt – NMLS#428479