Will the FED Lower Rates This Week? Here is your Weekly Mortgage Rate Update.

TODAY’S MORTGAGE RATES

Mortgage Interest Rates went up
about .02% with the Mortgage Backed
Security (MBS) Market trading
down -5 bps on the week.

Below are your average interest rates
across the country according to
Mortgage News Daily.

Last week was relatively low on
market-moving news but this
week has a slew of potential
market movers.

Starting off with the FED meeting
which culminates on Wednesday.

Most experts are expecting the FED
to keep rates unchanged. Any move
down would be a big surprise and
likely move the markets. Their
comments on future rate movements
could be potential market-movers.

The next big data point is Thursday’s
PCE Inflation Report. Expectations
are for inflation to remain unchanged
year over year.

Friday brings the BLS Jobs Report.
Expectations are for the BLS to show
110,000 jobs created in the U.S..

It should be an interesting week
that has the potential to move
interest rates.

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.

Or you can get a Free Mortgage Quote
or Apply for a Mortgage with the links below.

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TRUMP’S HOUSING PLAN:  
COULD IT UNLOCK INVESTMENT OPPORTUNITIES?

Trump’s housing plan aims to lower
the regulatory costs to build new
development projects. How could this
impact home values and real
estate investment?

See below in article from Bigger Pockets.

Trump’s Housing Plan: Could It Lower Home Values and Unlock Investment Opportunities?