DAILY MORTGAGE RATE UPDATE 10-17-18

Mortgage Rates continue in a sideways pattern, just above key technical levels while Stocks retreat after yesterday’s huge rally.

In housing news, both September Housing Starts and Building Permits declined from August while single-family starts also decreased.

The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage rose to the highest level since February 2011. From a historical standpoint, rates are near the lower end of the spectrum.

I am recommending floating but be aware that the Fed minutes will be released this afternoon and could have an impact on the markets.

No matter how many mistakes you make or how slow you progress, you are still way ahead of everyone is isn’t trying. 

-Tony Robbins

*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.

 

 

 

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Your email address will not be published.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 *

This site uses Akismet to reduce spam. Learn how your comment data is processed.