Interest Rates

Just got some news from my lender about the range of interest rates in recent months. If you need to talk to lender about financing, give me a call and I will give you Scott Fehrankamp's number. Thanks for looking! 512 228 6741. 

Here's some quick mortgage news for you.

MBS prices and therefore rates have slipped a bit out of the recent range, but are still holding around 4.875-5.125% for solid borrowers on 30-yr fixeds (conventional and FHA).

Jumbo rates are in the 5.625-5.875% range. 
This week is light on economic data, but there are many Federal debt auctions this week, which will be the main driver of rates this week.

The big thing to watch in the near future will be the affect on rates if the end of the Fed's purchase of MBS's- this program is already beginning to wind down.

-Scott 

Thanks for looking. Remember if you have any question about real estate or you know someone that has any questions, tell them to call me as soon as possible!

-Amin Vahora

Real Estate Service Professional