Mortgage bond prices fell this week, which pushed mortgage interest rates higher. Rates were positive the beginning of the week following reports that European leaders must do more to stabilize their economies. Concerns emerged that the UK has “run out of money” according to Chancellor George Osborne. Higher than expected Q4 gross domestic product data, lower than expected weekly jobless claims, and strong stocks pressured rates considerably higher Wednesday afternoon and Thursday morning. Weaker than expected personal income and outlays data helped stem some of the losses but not enough.
There are also some new changes on the FHA loans, so if you want to know more call or text me today at 480-275-9566 or email me at RebeccaKallhoff@gmail.com or check out my website for more news at http://www.sellingazwithrebecca.com