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| Today's Interest Rates Conforming 40 yr Fixed------ 6.875% Conforming 30 yr Fixed-------6.625% Conforming 20 yr Fixed-------6.625% Conforming 15 yr Fixed-------6.250% FHA 30 yr Fixed------------------6.500% VA 30 yr Fixed--------------------6.500% FHA Jumbo-----------------------6.875% Reverse Mortgage for those 62 years or older-----Fixed HECM 6.70% Credit and LTV restrictions apply. Rates are subject to change daily. Equal opportunity lender Bond Market News for today Mortgage Bonds are trading lower today, after a string of better than expected economic news moved Stocks higher at the expense of Bonds. New Home sales for June were reported at 530,000--which was far better than expectations of 505,000. In addition, Orders for Durable Goods came in well above expectations and the Consumer Sentiment Index shocked the markets with a very robust reading. The positive readings are helping to strengthen the US Dollar and even lower Oil prices. As a result of these shifts, a Fed rate hike may be on its w ay in within the next few months--though probably not at next week’s Fed meeting. Currently, Bonds have moved to their worst levels of the day. Therefore, I recommend locking before prices dip even lower. Today's Quote Our obligations to our country never cease but with our lives. John Adams (1735 - 1826). |
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