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Interest Rate Trends and Recommendation

January 7th, 2014

Good morning & Happy New Year!
Interest rate trends: Today – Lower; 10 days – Flat; 25 days – Slightly higher
Interest rate recommendation: Cautious float
MBS’s continue to improve ever so slightly, but improvement has occurred in 4 of the last 5 days. You’ll see lender credits are higher (better) today also. There are no economic reports due out today, so investors will be looking at tomorrows Fed minutes release and ultimately Friday’s Jobs Report where 197k jobs are expected to have been created in December. We will continue to cautiously float, but be on guard for any turn worse, we’ll switch to a locking recommendation. Have a great day!
Have a great day and happy New Year!
30 year fixed rate: 4.250% with 4.310% APR.
20 year fixed rate: 4.125% with 4.222% APR.
15 year fixed rate: 3.250% with 3.353% APR.
10 year fixed rate: 3.125% with 3.327% 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.
Thank you.
Dale Packer, MBA, NMLS#4493
801-391-6566
dale@GreatAmericanLending.US
Spencer Packer – Colorado & Utah, NMLS#363407
801-391-2273
spencer@GreatAmericanLending.US
McKay Platt – NMLS#428479
801-391-7558
mckay@GreatAmericanLending.US

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