Mortgage Rates and the Market – Feb 2nd

CURRENT RATES - Unchanged since last week, however CORE Inflation Reading Under 4% at 3.9%, which is BIG.

CONVENTIONAL 30: 6.625%......6.767% APR

CONVENTIONAL 15: 6.25%.......6.478% APR

VA 30: 6.25%.......6.522% APR

FHA 30: 6.25% .....7.06% APR

*Your Actual Rate, Payment, and Costs could be higher. Get an official Loan Estimate Prior to Choosing a home

Credit Score Used for Analysis: 780

Discount fee: 1%


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THIS WEEK:

BLS JOBS REPORT: 353k Jobs Created vs. 180k expected! Complete Contrast to ADP at 107k Jobs.

LOTS of Seasonal Adjustments. The Market doesnt like thus far and rates are up initially.

NEXT WEEK:

Monday: ISM Services

Wednesday: Mortgage Apps

Thursday: Initial Jobless Claims


HOW CAN YOUR OFFER STAND OUT: DIGITAL OFFERS: https://www.smithmtg.com/presentation/FMEqyIYL


Need To Get Pre-Approved?......APPLY HERE: https://mtgpro.co/dr/c/coeap

Schedule a Goals Consultation with Me: https://calendly.com/noels-1/30min


Noel Smith, Mortgage Advisor

SmithGroup@fairwaymc.com

208.406.2451

Reviews

"Very easy to work with, great communication, very helpful with any questions we had as first time home buyers. Will highly recommend Noel and his team to anyone interested in buying a house!!!!!!"

aaron m

"Everyone is so nice. They try everything they can and do as much as they can for the people trying to buy a home. I am a first time home buyer and knew little about this and Noel was happy to answer all of my questions. Also the app was so nice to have! It made uploading documents super easy. Being able to e-sign for just about everything also was great. We will definitely be using Noel and his team again for any future purchases!!"

alexus o

"It was great because Noel communicated very well! He went above and beyond to help us get everything done in this process."

skyler p