DAILY MORTGAGE RATE UPDATE 08-10-18

Geopolitical turmoil out of Turkey is pushing global Bond yields lower while U.S. consumer inflation remained tame in July.

Mortgage Rates are higher while U.S. Stocks are plunging on the headlines.

Housing affordability hits weakest level in a decade due in part to rising home prices and mortgage rates, reports the National Association of Home Builders .

For brand-new files, I suggest floating into the weekend. For files 30-days or less until closing, you may want to consider locking those.

The fruit of your own hard work is the sweetest.

-Deepika Padukone

 

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