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Mortgage Rates and the Market – Feb 16th
CURRENT RATES - Unchanged since last week, however CORE Inflation Reading Under 4% at 3.9%, which is BIG.
CONVENTIONAL 30: 6.875%......7.02% APR
CONVENTIONAL 15: 6.375%.......6.605% APR
VA 30: 6.625%.......6.905% APR
FHA 30: 6.625% .....7.444% 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:
CPI and PPI higher than expected increasing rates from last week approximately .25%. The Fed however is focused on PCE, we believe this is a knee jerk reaction and are very bullish that rates will continue their trend lower in the coming months to quarters.