Mortgage Rates have been updated.
Due to the lower CPI report and the lower housing starts that came out this morning, I’m recommending:
1 Day - Lock
15 Day - Lock
30 Day - Lock
Normally, those reports would push mortgage rates substantially lower than they are. However, there is a huge amount of volatility in the markets right now and that volatility and the concerns about the amount of government spending are keeping the rates higher than they should. I expect that to continue.
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