Click on the link to view today's home purchase/refinance rates:
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Last Thursday’s release of the November Consumer Price Index (CPI) showed inflation coming in well below market expectations. However, most of the improvement in mortgage rates had already been priced in ahead of the data. As a result, Wednesday marked the lowest point for mortgage rates last week, and there was no significant further decline after the CPI report was released.
As of this morning:
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30-year fixed mortgage rates are lower than they were last Monday
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ARM (adjustable-rate mortgage) rates have edged slightly higher
Looking ahead:
The Consumer Confidence Index and GDP data will be released tomorrow—let’s hope for more positive news.
A friendly reminder:
The 45 bps Hybrid / Virtual Closing credit is set to expire on December 31. Borrowers who wish to take advantage of this incentive are encouraged to lock their rate before the deadline.
In addition, for primary residence refinances that qualify for TRAC+:
✔ Receive the 45 bps closing credit, and
✔ An additional $500 credit, which can be applied toward closing costs or to further reduce the rate.
Please note: The rate quotes include 45 bps closing incentive.
