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Mortgage Rates Report: October 17, 2007

Recommendation Change:       It's time to start floating those loans!  We should be watching mortgage rates drop lower these next 3-7 days. 

Do not lock in your mortgage rate at application; lower rates may be here next week. 

Two big numbers came out today:

1- Core CPI- That's the inflation number without the oil and food prices figured in, was lower than expected.  This means that prices of goods and services are feeling the pinch of higher oil and food prices

FULL REPORT 

Comments

Interesting. Let's see what Matthew says.... I'll be standing by.
Posted by Allentown PA Real Estate Broker * Jennifer Monroe * over 2 years ago

Ah, good news and better advice. Thanks Mr. BB

kk 

Posted by Kristal Kraft ~Denver Real Estate~303-589-2022 (The Berkshire Group Realtors) over 2 years ago
Brian.. Sounds good.. where do you see Jumbo loans.. will we see any lowering of rates for my market?
Posted by Manhattan Beach CA/ e-PRO..... Kaye Thomas... (Real Estate West) over 2 years ago
Coming down, slowly, Kaye.  Wall Street flinched.
Posted by America's #1 Mortgage Broker/858-777-9751 over 2 years ago

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