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Rate APR Points
5/1 Conforming ARM
2.500% 2.790% 0.000
Conv. 15 Yr Fixed
2.875% 3.026% 0.000
FHA 30 Yr Fixed
3.750% 5.298% 0.000
Conv. 30 Yr Fixed
3.875% 3.900% 0.000
Jumbo 30 Yr Fixed
4.000% 4.048% 0.000
Oct 01 2014, 09:30AM MT
Assumptions  Apply Here

Today's Interest Rate News

October 1, 2014; 9:33am

Good morning!

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

Interest rate recommendation:  Float!

Mortgage bonds (MBS’s) are rallying this morning along with European bonds.  MBS’s are currently at +38bps, a very nice direction to start out the month of October.  Interest rates and lender credits improved this morning.  We are changing from a cautious float to a float recommendation while MBS’s rally.  However if the rally fizzles, we will change to a locking bias so still be ready.  ISM manufacturing came in slightly worse than expected, helping the bond rally and Construction Spending surprisingly declined from 0.5 to -0.8, much less than the 1.8 expected!  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

http://www.nmlsconsumeraccess.org/