Mortgage Rates continue in a sideways pattern, just above key technical levels while Stocks retreat after yesterday’s huge rally.
In housing news, both September Housing Starts and Building Permits declined from August while single-family starts also decreased.
The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage rose to the highest level since February 2011. From a historical standpoint, rates are near the lower end of the spectrum.
I am recommending floating but be aware that the Fed minutes will be released this afternoon and could have an impact on the markets.
No matter how many mistakes you make or how slow you progress, you are still way ahead of everyone is isn’t trying.
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