Mortgage Update March 28 2018

“With U.S. Stock markets under some pressure, Mortgage Bonds have been able to produce some gains. The Mortgage Bankers Association reports that home loan rates were essentially unchanged in the latest week and remain historically attractive. Pending Homes Sales in February were higher than expected while fourth quarter 2017 Gross Domestic Product showed a solid reading. I am recommending floating but be aware that volatility continues. If anything changes, I will get back to you.”

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