Mortgage Update January 24 2017

“Mortgage rates continue to hover just below the post-election highs as Stock prices trade sideways to lower after hitting record highs earlier this month.

In housing news, December Existing Home Sales came in below expectations, though November’s numbers were revised higher.

I will continue to recommend carefully floating, but I am concerned that Mortgage Bond prices seem to be stalling at current levels.

If anything changes, I will get back to you.”

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