DAILY MORTGAGE RATE UPDATE 10-10-18

Mortgage Rates are drifting a little lower, giving up some of yesterday’s gains thanks to year over year gains in wholesale or “Producer” inflation.

The Mortgage Bankers Association reports that mortgage rates rose in the latest week to levels not seen since February 2011.

I am recommending floating to start the day but be on guard for any sudden reversal in sentiment.

The meaning of Karma is intention. The intention behind the action is what matters.

-Bhagavad Gita

*The views, articles, postings and other information listed on this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage Corporation.

 

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