Our Conventional 30 yr is now at 6.625%, $1K Lender fee, NO POINTS, 6.7% APR
600K purchase price, 20% down, 780+ credit, primary residence, SFH, 30 day lock.
Mortgage approval in 5 business days! Rates as of 2/13/24
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Inflation eased again in January but came in above Wall Street’s expectations, clouding the Federal Reserve’s path to rate cuts and potentially pushing back the highly anticipated rate cuts.
The Labor Department reported Tuesday that consumer prices rose 3.1% in January vs. the expectation of a lower 2.9% from a year earlier disappointing the market who had hoped the Fed will cut rates sooner rather than later.
Mortgage rates went from the best levels in 8 months to the worst levels in more than a month in the space of 2 days with the 30yr higher by 0.25% - 0.50% depending on the scenario.
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