Mortgage Update October 10 2017

“Mortgage Bond prices begin the holiday shortened week higher after Friday’s mixed Jobs report for September. There were no economic reports released today. CoreLogic reports that the July 2017 U.S. foreclosure rate remained at a 10-year low. Despite the recent decline in Mortgage Bond prices, home loan rates continue to hover just above all-time lows. I am recommending carefully floating to begin the week. If anything changes, I will get back to you. Have a great week!”

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