Mortgage Rate Update 10-18-12: Trends Projections & Today's Best Rates
By Jason E. Gordon, Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE
(CMG Mortgage, San Diego, CA)
Wednesday was a miserable day for mortgage rates with pricing trending further and further into negative territory throughout the day. The net result was a whopping 45 basis point worsening to pricing. Although interest rates remain fantastic overall, days like yesterday are a painful reminder of how quickly things can change. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back nearly 2 years at www.JasonGordon.info whenever desired. Also, make sure to learn about THE TRUTH BEHIND MORTGAGE QUOTES to better understand the rel...
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