DAILY MORTGAGE RATE UPDATE 05-16-18

After the steep two-day decline, Mortgage Rates are near unchanged, trying to stabilize.

April Housing Starts fell from March, but rose year-over-year.

The Mortgage Bankers Association reports that home loan rates were unchanged in the latest, and despite them being at highs seen in September 2013, rates remain historically low.

I am recommending floating, but be on guard for any sudden movement lower.

The way to get started is to quit talking and start doing.

-Walt Disney

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