It felt like a pretty slow week in the mortgage and real estate business this week as Memphis and other cities across the southeast were shut down due to winter weather.
Mortgage markets were relatively quiet as well, even with Wednesday’s Fed Meeting.
Rates remain virtually unchanged, so we are still at 5.875% for our best 30-year fixed conventional scenario.
A really nice week for mortgage rates with a big announcement late Thursday that should move rates down significantly over the coming weeks. We finally broke through and are now at 5.75% for our best 30-year fixed conventional scenario.
With a lack of major economic news, the final couple of weeks of the year were relatively quiet for mortgage markets. Mortgage rates ended just slightly higher for the week, we are still at 5.875% for our best 30-year fixed Conventional scenario.
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