Only 4 days of trading this week, and very little economic news, but we lost a little ground as we moved up to 5.99% for our very best 30-year fixed conventional scenario.
Two flat days, two good days and one bad day this week. More movement than we have seen in week’s past but ultimately, we will end the week right back where we started, still at 5.875% for our very best 30 year fixed conventional scenario.
Another FED meeting in the books, but once again, mortgage rates fail to drop after the FED lowers the federal funds rate. We will end the week still at 5.875% for our best 30-year fixed conventional scenario.
Information and economic data are very limited during the shutdown, and even though we did get a CPI report this morning, there was very little movement in the mortgage markets this week. We will end the week virtually unchanged from last Friday, still at 5.875% for our best 30 year fixed conventional scenario.
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