DAILY MORTGAGE RATE UPDATE 08-08-18

Mortgage Rates begin the day near unchanged in the absence of any economic reports and ahead of added supply from today’s key 10-year Note auction.

The Mortgage Bankers Association reports that home loan rates were unchanged in the latest week and remain historically low.

Despite lower Stock prices today, Mortgage Rates have been unable to produce any gains. I am recommending locking in the short-term, 30-days or less until closing. Longer-term you can float but be on guard.

The secret of your success is determined by your daily agenda.

-John C. Maxwell

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *