Look for rates to open flat to slightly better as rate sheet influential mortgage backed securities continue to outperform bonds amid solid earnings reported on Wall Street. All eyes will be on the FED at 2pm as the minutes from the June meeting are released. All signs currently point towards a solid day for mortgage rates. My mortgage rate chart will be updated by noon today. I've seen a spike in Jumbo FHA streamlines recently, many of these loans were done @ rates of 5.5% or higher. If you have a Jumbo FHA mortgage, you could streamline with no appraisal and no closing costs at 4.75% in most scenarios.
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