January 10th, 2014
Good morning & Happy New Year!
Interest rate trends: Today – Lower; 10 days – Flat; 25 days – Slightly higher
Interest rate recommendation: Floating
What a welcome surprise this morning in the December Jobs Report as 74k jobs were created when 197k were expected. MBS’s have moved much better on the surprisingly weak data, currently MBS’s are at +78bps. We were thinking in the back of our heads the economy wasn’t as strong as all the indicators showed, but one month’s reading doesn’t create a change in direction. Rates are much better today and continue to improve, so floating is recommended. We’ll wait and see next week after this news is digested amongst investors. Have a great day and nice winter weekend!
Have a great day and happy New Year!
30 year fixed rate: 4.125% with 4.227% APR.
20 year fixed rate: 4.125% with 4.193% APR.
15 year fixed rate: 3.250% with 3.317% APR.
10 year fixed rate: 3.125% with 3.354% 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