Mortgage Update January 30 2017

“After several weeks of lower borrowing costs, mortgage rates edged higher last week, though still remain historically attractive.

In today economic news, consumer spending and incomes came in near expectations, while Pending Home Sales in December were just above estimates.

I will continue to recommend floating. However, there are several reports this week that could impact the markets as well as this week’s two-day Federal Open Market Committee meeting.

Have a great week!”

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