Stock market is falling again today making yields on the 10yr note a bit better today. They have been around 2.71% this morning. We may see a downward pressure on the yields if the stock market continues with its weakness. That is good for mortgage rates. Today I am getting quotes from some lenders at about 4.125% to 4.25%. You can get 4% if you pay a bit extra. Overall rates are very good and now is a great time to start your loan application if you are interested in refinancing. If you want to purchase this spring/summer I would also get your financing together. The more prepared you are the easier and smoother the purchase transaction will be.
Posted on: Wed, 29 Jan 2014 15:52:16 +0000
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