DAILY MORTGAGE RATE UPDATE 06-14-18

Rates are increasing, due to struggling in response to yesterday’s Fed statement, were able to rebound from the lows upon Fed Powell’s conference and that positive momentum is spilling a bit into this morning.

In economic news, May Retail Sales surged from April due in part to the recent corporate and consumer tax cuts.

Freddie Mac reported that home loan rates edged higher this week though they remain historically low.

I am recommending floating but be aware that sentiment can quickly sour.

 

It is better to live on the house top than to live in a house full of confusion.
-Bob Marley

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