Weekly comment from Mickey Carlton:
Mortgage interest rates have worsened slightly since last week. Yesterday's (Wednesday) weakness in stock prices, if extended, will likely result in an improvement in our rates. Weakness in stock prices cause investors to shift money into long-term bonds sending interest rates lower. Currently, borrowers seeking conforming (<$417K) loan amounts on purchases should be able to obtain 30 yr fixed mortgage rates in a range of 6.25% to 6.75% (without paying discount points) depending upon their individual credit worthiness and loan size.
Need a mortgage? E-mail me at audrey@audreybutlerhomes.com
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