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Jul 22 2014, 09:08AM MT
Today's Interest Rate News
July 16, 2014; 9:31am
Interest rate trends: Today – Slightly higher; 10 days – Flat; 25 days – Flat
Interest rate recommendation: Locking bias.
Mortgage bonds (MBS’s) are being capped this morning, meaning they are being held down from improving due to a slew of positive economic data. We continue our locking bias. Fed Chair Janet Yellen will testify again today before Congress, but no new news is expected. Today the NAHB index rose to 53 from 49 in June, a good sign for home construction. Wholesale inflation came out hotter than expected and China economic data came out better than expected. Lock your rates and enjoy, we could see a slight increase to interest rates over the next few days. Have a great day!
Phone: 800-706-6648 | Fax: 800-660-9110
Great American Lending LLC (NMLS# 201546) | 845 E. 3450 N., North Ogden, Utah 84414