In economic news, the Philly Fed Index showed contraction as the manufacturing sector continues to go through a malaise. Weekly Initial Jobless Claims came in lower than expected.
With the recent steep drop in Mortgage Bonds we saw a improvement in interest rates this afternoon. At this moment rates as low as 3.75% APR are available depending on loan amount and program, which is near record lows.
Have questions about today's interest rates or how to qualify for a home loan? Contact the Prospect Los Feliz Team
Thomas Bayles, Branch Manager | (626)636-5061 | Thomas.Bayles@prospectmtg.com
Micah Raff, Partner | (818)808-8835 | Micah.Raff@prospectmtg.com
Larisa Lutes, Partner | (323)821-6966 | Larisa.Lutes@prospectmtg.com