Weeky Mortgage Update

April 14, 2014

Rate Trend:

Slightly Higher

Today We Recommend:

Locking

Mortgage rates are expected to rise over the next two weeks as the tide turns on bond values.  We recommend locking if you are closing on your home in the next three weeks.  However, if closing is farther out we recommend floating as rates may well fall back down after the next few weeks.

Stocks are struggling and the normal five year cycle of bull and bear is leaning toward bear.  Bonds would benefit from this with lower rates holding in the mid four percent range.

                                              

Best Rates Today Are:

Due to market volatiity please call for rates:

425-889-8889

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