Raleigh Mortgage Rate Update
Monday, October 31st, 2011“Following last week’s euphoria over the European Summit plan, investors are
in a more skeptical mood this week,” said BMO Capital Markets. “In our view,
while the plan will help contain the risk of a European banking crisis and
financial contagion to other countries, it falls well short of resolving the
crisis.”
So Treasuries are starting off the day stronger as more investors are seeking
safety over riskier stocks. This will allow us to see a little bit of
improvement in rates today.
Rate
update. Remember these are start rates…credit score, LTV, and other factors
go into final rate.
30yr
Fixed rate 4.125% APR 4.229%
15 yr
Fixed rate 3.5% APR 3.765%
5/1 Arm
3.125% APR 3.207%
30 yr
FHA Fixed 3.75% APR 4.113%
Have a
fun and safe Halloween!
Chris Blount
Branch Manager
Integrity Mortgage/AES Lending
Courtesy Jeff Dicks Real Estate