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Rate APR Points
5/1 Conforming ARM
2.375% 2.776% 0.000
Conv. 15 Yr Fixed
2.750% 2.901% 0.000
FHA 30 Yr Fixed
3.250% 4.792% 0.000
Conv. 30 Yr Fixed
3.625% 3.700% 0.000
Jumbo 30 Yr Fixed
3.875% 3.902% 0.000
Oct 24 2014, 09:05AM MT
Assumptions  Apply Here

Today's Interest Rate News

October 24, 2014; 9:10am

Good morning!

Interest rate trends: Today – Flat; 10 days – Flat; 25 days – Lower

Interest rate recommendation:  Cautious float.

Mortgage bonds (MBS’s) are trying to hold some modest gains this morning, but varying between flat and +6bps.  New Home Sales came in slightly worse than expected, but much better than last reading.  New Home Sales rise to 6 year high in September.  We will cautiously float this morning in hopes we get some reprieve from yesterday’s worsening, but beware it can change quickly and if so, we will change to a locking recommendation.  Have a great day and nice Fall weekend! 

 

  

   

     

 

  

 

  

   

   

 

 

 

 

 

 

    

   

 

   

   

  

   

 

  

 

 

 

  

 

 

Phone: 800-706-6648 | Fax: 800-660-9110
Great American Lending LLC (NMLS# 201546) | 845 E. 3450 N., North Ogden, Utah 84414

http://www.nmlsconsumeraccess.org/