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Rate APR Points
5/1 Conforming ARM
2.500% 2.799% 0.000
Conv. 15 Yr Fixed
2.875% 2.972% 0.000
FHA 30 Yr Fixed
3.250% 4.792% 0.000
Conv. 30 Yr Fixed
3.750% 3.774% 0.000
Jumbo 30 Yr Fixed
3.875% 3.943% 0.000
Oct 31 2014, 10:32AM MT
Assumptions  Apply Here

Today's Interest Rate News

October 31, 2014; 10:19am

Good morning!

Interest rate trends: Today – Slightly Higher; 10 days – Flat; 25 days – Flat

Interest rate recommendation:  Locking bias.

Mortgage bonds (MBS’s) are slightly worse this morning on better than expected economic news.  Chicago PMI took a jump up to 66.2, well above the 60 expected!  Personal Income increased +0.2%, slightly lower than expected, but continues the increasing trend.  The Bank of Japan announced an increase to its QE program, they are increasing it to a U.S. equivalent of $2Trillion!  Double that of what the FED did here in the U.S.!  Both Stock markets and bond markets are reacting to this news.  With positive economic news, we will change to a locking bias.  Have a great day and safe Halloween! 

 

  

   

     

 

  

 

  

   

   

 

 

 

 

 

 

    

   

 

   

   

  

   

 

  

 

 

 

  

 

 

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/