CONVENTIONAL 30: 7.49%/7.643 APR
CONVENTIONAL 15: 6.99%/7.228 APR
VA 30: 7.125%/7.416% APR
FHA 30: 7.125%/7.956% APR
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Jobs and Inflation - That's it!
Rates increased higher earlier in the week due to the Fed's comments on their fed funds rate staying higher for longer. Job less claims still on the lower end. Personal Consumption expenditures, feds favorite inflation gauge came in at .4% in August, slightly lower than projections. This hits the point that inflation is coming down yet its going to be a slow drip...HANG IN THERE, better days are coming, no doubts....And, the main reason Inflation increased? Gasoline/Energy prices...
Next Week -
Monday -
Tuesday - Case Shiller Home Price Index & New Home Sales
Wednesday - Q2 Final GDP
Thursday - Initial Jobless Claims
Friday - PCE (Market Mover)
*Your Actual Rate, Payment, and Costs could be higher. Get an official Loan Estimate Prior to Choosing a home
Credit Score Used for Analysis: 780
Discount fee: 1%
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The Smith Group
208.406.2451
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