Monday Mortgage Market Update

After a quiet Thanksgiving week, we are seeing mortgage rates improve today. This past Friday, we saw 4.0% at 1 point cost ($4,170 fee | 4.112% APR)  on a $417,000 loan amount, whereas today the same rate would only cost 0.5 points ($2,085 | 4.071% APR). Substantial savings to start the week! 

This week's economic report calendar is on the heavy side with everyone's focus on November Jobs report. We are starting the week floating our clients, but will keep our eye on the mortgage bond market for alerts on when/if to lock current interest rates. 

Email, text, or call us for any mortgage rate scenarios. 

teamthomasbayles@mortgcap.com | (626) 636-5061