Economic Conditions continue to improve as evidenced by Stock Market rebound and Australia’s Federal Reserve increasing their prime lending rate with the news flash that the worst is over and that we are getting ready for a improvement. Rates hit a low on Friday and are inching up since but we are still floating with a bias to lock. If our Fed starts to take on this opinion then rates could start to go up regardless of what happens in the market in the Fed decides to increase the Fed rate the knee jerk reaction will have some affect.
Conventional …..5.25%
FHA……………..5.25%
Jumbo…………..5.875%
Brian Scott
