Nevada Real Estate >> Las Vegas Real Estate Specialist: California: San Diego: Rancho Penasquitos

Current mortgage rate trends 4-13-11 mortgages San Diego

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.  Contact us for mortgage info

 

mortgage rate trends

Current mortgage rate trend lock advice: 

If closing in 7 days or less  - Lock

If closing in 14 days or less - Float

If closing in 30 days or more - Float

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Mortgage rates surprisingly improved today as did the stock market.  They usually oppose each other so this signals that we as a country have mixed feelings about the future.

It looks like the US economy isn't as strong as experts predicted it was a couple of weeks ago.  The International monetary fund came out Monday and said the US will grow at a rate of 1.5% instead of the anticipated 2%.  The Fed Beige Book says the economy is growing at a moderate pace and NFIB says that small business optimism is down.  Not good since small business hires the most people. 

Basically we have a long way to go and for now mortgage rates are improving.  Again,  I still believe mortgage rates are set to go higher but for now I suggest you float cautiously and be prepared to lock in your rate at a moments notice.

San Diego mortgages - Mortgages San Diego

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Comment balloon 2 commentsNevin Williams • April 13 2011 11:41PM
Current mortgage rate trends 4-13-11 mortgages San Diego
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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… more