Ladera Ranch Lender | Home Loan Rates
Posted by Scott Admin Bingham on Tuesday, August 29th, 2017 at 10:04am.
Central bankers from around the world are meeting this week for the Jackson Hole Symposium. Markets will be looking for signs of likely policy changes. Little economic news this week coupled with low trading volume left markets quiet. This climate has helped keep mortgage rates stable. Despite labor markets strength, low inflation remains an issue. Speculation is the Fed cannot raise rates again this year unless inflation rises to around 2%. New home sales were unusually lower for July, down 9.4% from June. July’s sales were a 7-month low and caused some concerns about the housing market. However, it should be noted that May and June numbers were revised higher. Median new home prices were up 6.3% over last year. Inventory of new homes rose 1.5% last month, the highest level since June 2009. Even still, a shortage of new and existing homes remains an on going problem.
Conforming 30 Year Fixed | 4.000%
Conforming 15 Year Fixed | 3.500%
FHA 30 Year Fixed | 3.875%
Jumbo 30 Year Fixed | 4.125%
Jumbo 15 Year Fixed | 4.000%
Jumbo 7/1 ARM | 3.500%
VA 30 Year Fixed | 4.000%
Need a loan preapproval? Give us a call: Diversified Capital Funding
Eric Muller - Mortgage Loan Officer, 925-708-0957, Eric@divcap.net
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