DAILY MORTGAGE RATE UPDATE 08-09-18

Tame inflation here and in China along with weak economic data out of Japan are giving Rates a modest boost higher this morning.

In housing news, the National Association of REALTORS reports that median home prices hit an all-time high in the second quarter of 2018.

Freddie Mac says mortgage rates were essentially unchanged in the latest week and remain historically low.

I am recommending locking in the short-term, 30-days or less until closing.

Let us sacrifice our today so that our children can have a better tomorrow.

A. P. J. Abdul Kalam

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