Mortage rates improved today! However if you are closing on a home loan in the next 30 days take this moment as an opportunity and lock your rate.
In case you want to know what caused mortgage rates to get better today:
Remember that bad economic news causes mortgage rates to drop and good economic news causes mortgage rates to rise.
Japan raised Its disaster level to the same level as Chernobyl did many years ago. The International monetary fund is pessimistic about US and global economic growth, food and gasoline prices have increased, weaker earnings from Alcoa and Cisco announcing job cuts all spell bad news for the stock market and good news for the "safer" bond market where mortgage loans are considered safer investments than stocks.
Current mortgage rate trends for those seeking mortgages in San Diego are looking good if buying a home or refinancing an existing home. Mortgage rates may remain at their current level for a few months but do not be fooled, mortgage rates will definitely go higher.
