One of the most common questions I get asked is, “what is your rate”.

I could then spend the next hour explaining the nuances of what goes into answering that question including credit score, down payment, loan program, conventional, FHA, VA or Jumbo loan, but I will spare you.

If you just listen to the news or google current rates, it’s all over the place. Mortgage Rates are unique to your specific situation. Call us to get an accurate number and take the news media with a grain of salt. They are usually a week late to the party.

Even though there is a disparity between Freddie Mac and Mortgage News Daily surveys they both show the downward trend.

Personal Consumption Expenditures come out Friday and are expected to be good news for the bond market.