DAILY MORTGAGE RATE UPDATE 08-07-18

Mortgage Rates are slightly lower weighed down by rising Stocks and the anticipation of this week’s Treasury auctions.

In housing news, Corelogic reports that home price gains remained solid year over year in June.

I am recommending floating but be aware that risks to the downside remain for the markets with possibly slightly higher home loan rates, so be on guard.

It does not matter how slowly you go as long as you do not stop.

-Confusius

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