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TODAY’S MORTGAGE RATES

Mortgage Rates again saw some nice
improvement on the week with the
Mortgage Backed Security (MBS)
market trading up +9 bps,

Mortgage rates are now at their
lowest levels in a month and close
to their lowest levels in 13 months.
Here are your Average Mortgage
Rates across the country according
to Mortgage News Daily.

The big news last week was the
release of September’s CPI Inflation
numbers. Inflation came in lighter than
expectations which helped interest
rates improve.

Inflation went from 2.9% to 3.0% –
but was expected to jump to 3.1%.

The big news this week will be the
FED meeting, statement and press
conference on 10/29.

There are a lot of characteristics that
go into a mortgage rate – credit score,
investor, loan to value, loan amount,
costs, etc. Please call me to go over
your specific scenario so we can
price your loan out accurately.

IS THE HOUSING MARKET GOING
TO CRASH? HERE’S WHAT THE
EXPERTS SAY.

If you’ve seen headlines or social
posts calling for a housing crash, it’s
easy to wonder if home values are
about to take a hit. But here’s the
simple truth.

Continue Reading

Hope you have a fantastic week!!