Mortgage Rates begin the week modestly higher being supported by a weak Retail Sales report along with lower Stock prices.

In housing news, Trulia reports that price cuts for homes on the market in August hit their highest level since 2014.

With the Stock markets lower today, I am recommending floating.

If opportunity doesn’t knock, build a door.

-Milton Berle

*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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