Rates are currently at 4.75 at .875 point for amounts up to $417,000.  Rates on 15 year are at 4.25% at .125% points.

For loans between $417,000 and $567,500 they’re at  5.125 at .625% points.

Above $567,500 to $900k they are at 5.625%

I just think that rates are going to stay steady for the next few months.   We are finally seeing the jumbo rates above the $567,500 loan amount start to improve.  Right now the interest rates seem to be following the stock the market which seems pretty level.  Today is a good day for rates.

Rates are currently at 4.875 at .75 point for amounts up to $417,000.  Rates on 15 year are at 4.25% at .625% points.

For loans between $417,000 and $567,500 they’re at 5.25% at 0 or 5.125 at .875% points.

Above $567,500 to $600k they are at 5.75%

I just think that rates are going to stay steady for the next few months.  Last week the Fed Chairman called for an increase of .25% in the Federal rate.  It was implied that it was an increase in the cost of funds to banks of .25%. It wasn’t.  If the discount rate had in fact been raised it would of implied a recovery.   Recovery happens once people believe it and they get out and buy goods.  The Consumer Confidence Index was down this morning.   The government wants rates to increase.  I just think you’re going to see many small corrections for the next few months.  I could be wrong.  I wish I could say to enjoy the ride.

Rates are currently at 4.875 at .75 point for amounts up to $417,000.  Rates on 15 year are at 4.25% at .625% points.

For loans between $417,000 and $567,500 they’re at 5.25% at .375 or 5.125 at .75% points.

Above $567,500 to $600k they are at 5.75%

The big numbers come out at the end of the day tomorrow with the 10 year treasury auction.  It will depend upon how well international buyers feel about buying US treasuries.  I think you will see some purchasing so rates will improve.  I could be wrong.

Rates are currently at 4.875 at 1 point for amounts up to $417,000.  Rates on 15 year are at 4.25% at .5% points.

For loans between $417,000 and $567,500 they’re at 5.25% at .375.

Above $567,500 to $600k they are at 5.75%

I don’t think you will see anything significant this week.  If durable good orders come in with high numbers at the end of the week then you will see an up tick, I think this will happen.  Just my opinion and I could be wrong. 

Rates are currently at 4.875 at 1 point for amounts up to $417,000.  Rates on 15 year are at 4.25% at .5% points.

For loans between $417,000 and $567,500 they’re at 5.25% at .375.

Above $567,500 to $600k they are at 5.75%

 Tomorrow we have the Producer Price Index numbers and December new construction sales.  I think there is a better chance for rates to get better on the new construction numbers. I think there might be a slight improvement.  I think next Tuesdays existing sales numbers could have a huge bearing on the bond market.  I don’t think sales are as good as they should be with the different government stimulus programs.  I could be wrong,  just my opinion.

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Rates are currently at 4.875 at 1 point for amounts up to $417,000.  Rates on 15 year are at 4.375% at .5% points.

For loans between $417,000 and $567,500 they’re at 5.25% at .5.

Above $567,500 to $600k they are at 5.75%

Tomorrow will be the biggest day of the week on the economic side.  There will be a large bond auction, if the market has many buyers of bonds the rates will improve.  Corporate profit will have a large influence if traders think that corporate income is going to do well then they won’t buy bonds.  If they feel the corporate market isn’t going to do well then they will buy bonds.  I think the latter.  I could be wrong,  just my opinion.

Rates are currently at 4.75 at .75 point for amounts up to $417,000.  Rates on 15 year are at 4.25% at .5% points.

For loans between $417,000 and $567,500 they’re at 5% at .5.

Above $567,500 to $600k they are at 5.75%

Rates will pretty much be set by what the stock market is doing.   Inflation numbers come out next week, they should be positive.  Just my opinion and I could be wrong.

Rates are currently at 4.75 at .75 point for amounts up to $417,000.

For loans between $417,000 and $567,500 they’re at 5.125 at .5%.

Above $567,500 to $600k they are at 5.75%

The Consumer Price Index (inflation numbers) comes in tomorrow with the Housing start numbers following the CPI.  I don’t think there will be any big drastic surprise.    Just my opinion and I could be wrong.

Rates are currently at 4.875 at .75 point for amounts up to $417,000.

For loans between $417,000 and $567,500 they’re at 5.25 at .375%.

Above $567,500 to $600k they are at 5.75%

The unemployment numbers come in this Friday, that data will be the largest indicator this week.  The Federal Board meets tomorrow…..they shouldn’t come up with any surprises yes.  I think rates will stay steady.   Just my opinion and I could be wrong.