Not much to report over the past couple of weeks, except for the fact that mortgage interest rates have remained firmly on the floor. 4.25% 30 yr fixed have been the norm for the better part of that time frame, save for a few hours where rates hedged upward slightly. I have said on this blog many time, we are at the bottom. Barring and unforeseen event, rates will not go much lower than where they are, there is not liquidity on Wall Street to support rates below 4%. I'm not sure when rates will go up, but since I am fairly confident that they can't really go down, I advise locking! Rates will be updated on my mortgage rate chart by noon today. Call me to lock in!
Josh Burley
301.663.8087 x231
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