Mortgage Rates and the Market – Feb 2nd

CURRENT RATES - Unchanged since last week, however CORE Inflation Reading Under 4% at 3.9%, which is BIG.

CONVENTIONAL 30: 6.625%......6.767% APR

CONVENTIONAL 15: 6.25%.......6.478% APR

VA 30: 6.25%.......6.522% APR

FHA 30: 6.25% .....7.06% APR

*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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THIS WEEK:

BLS JOBS REPORT: 353k Jobs Created vs. 180k expected! Complete Contrast to ADP at 107k Jobs.

LOTS of Seasonal Adjustments. The Market doesnt like thus far and rates are up initially.

NEXT WEEK:

Monday: ISM Services

Wednesday: Mortgage Apps

Thursday: Initial Jobless Claims


HOW CAN YOUR OFFER STAND OUT: DIGITAL OFFERS: https://www.smithmtg.com/presentation/FMEqyIYL


Need To Get Pre-Approved?......APPLY HERE: https://mtgpro.co/dr/c/coeap

Schedule a Goals Consultation with Me: https://calendly.com/noels-1/30min


Noel Smith, Mortgage Advisor

SmithGroup@fairwaymc.com

208.406.2451

Reviews

"Noel and his team made the process of securing a home loan so easy. They communicated with me regularly and were quick to respond when I had a question. Being able to upload and view/sign documents electronically was also extremely convenient."

lori f

"Excellent communication and knowledge throughout the entire process. I have worked with Noel and his team on several different home transactions and wouldn’t go anywhere else."

jason s

"Flexibility and understanding of needs."

george s