Mortgage Update January 11 2018

“Mortgage Bond prices are stabilizing this morning after yesterday’s declines, while the Stock markets continue to march higher. In economic news, wholesale inflation from the Producer Price Index was tame in December, while Weekly Initial Jobless Claims rose. Both reports were interest rate friendly. Home loan rates continue to remain historically attractive. I am recommending carefully floating as Mortgage Bond prices try to stabilize. If anything changes, I will get back to you.”

Mortgage Update February 1 2018

“Mortgage Bond prices are near unchanged and at the lows seen in March 2017. Stocks are lower after the Fed painted a rosy picture of the economy, which could lead to increased rate hikes in 2016. Heading into tomorrow’s Jobs Report for January, I am recommending floating. If anything changes, I will get back to you.”