Hot news from AZ Home Help:
Posted To: Mortgage Rate Watch
Mortgage rates avoided any further damage today after moving to the highest levels in a month yesterday. The past two days made for the sharpest increase in rates since late August, with today's offerings remaining relatively unchanged for some lenders and just a bit lower for others. Even after taking the minor improvements into account, today's average conventional 30yr fixed rate quote is at lease an eighth of a point higher the same quote on Tuesday afternoon. Most lenders are quoting 3.875% to 4.0% versus a previous range of 3.75% to 3.875%. There is definitely a risk that rates will get back to the business of moving higher next week depending on the economic data. Based on this week's Fed announcement, it wouldn't take much strength in the data to keep the threat of a December rate hike...(
read more)
Source:
http://www.mortgagenewsdaily.com/consumer_rates/524864.aspx- For more real estate news visit our website at http://www.AzHomeHelp.com
No comments:
Post a Comment