Watch for the rates to come up slightly in the next few days.
We have been almost like a slingshot with rates going lower and lower. There was talk by the feds last week that they needed to create some urgency around rates. It was interesting to see how there were several factors pushing rates lower and now there seems to be reasons to push them higher again. (Did you see that GM posted a $1.33 BILLION dollar PROFIT in the 2nd quarter?)
Watch for the release of more favorable news this weekend.
Higher rates = sense of urgency for people to do something!
The FNMA 4.0% bond crashed some leaving 44bps on the table today causing rates to come up slightly in the middle of the session.
30 year fixed rates are still in the 4.25% range y'all.
Cheers!
Chad
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Chad Schauers
Montana Mortgage Lender, Bozeman, Montana
Personal Cell: 406 799 8613
Personal Email: metchad@gmail.com
Chad
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Chad Schauers
Montana Mortgage Lender, Bozeman, Montana
Personal Cell: 406 799 8613
Personal Email: metchad@gmail.com
