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Mortgage Wrap Up for April 20, 2012

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Mortgage Update 4-20-12This week concluded with mortgage rates moving in an extremely tight trading range, still near all time historic lows. There were a few pieces of economic data released this week, but nothing that caused any major movement for mortgage rates.

Market watchers are still keeping an eye on Europe for any news about potential debt insolvency issues in Spain and Italy.

What’s Moving Mortgage Rates Next Week?

We will see some decent activity next week in terms of economic data being released that can move mortgage rates. In addition to GDP data for the 1st quarter, reports relating to jobless claims and new home sales will be released.

Additionally, there is a two day FOMC (Federal Open Market Committee) meeting being held, which will be followed by a press conference being held by FED chairman Ben Bernanke. Any of these events have strong potential to move mortgage rates.

Where Are Mortgage Rates Now?

Mortgage rates can change many times per day. To get an up to the minute mortgage rate quote, simply fill out the fast rate quote form above or call us directly.

Not only can we help you get a fast and free mortgage rate quote, but we can also answer any mortgage related questions you might have. Additionally, we can put together a mortgage strategy that makes the most sense for your needs.

Need to lock in a rate? Call us directly to lock your mortgage rate now.

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