Daily Mortgage Rate Update 05-09-18

Mortgage Rates are modestly lower being weighed down by added supply from the Treasury.

The Mortgage Bankers Association reported that home loan rates were essentially unchanged this week and though they have moved higher this year, rates remain historically attractive.

I am recommending floating but be aware that Mortgage Rates are on shaky ground and could push higher.

“There are good days and there are bad days, and this is one of them.”

-Lawrence Welk

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