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Lamkin Rate Advisory Update

Rates increase slightly with Positive Economic Data- Jumbo Rates remain Lower

Jon Lamkin

Monday, April 21, 2014 • 11:07am

We hope you enjoyed your Passover & Easter Holiday!

Economic Calendar for the Week of April 21 - April 25:

Tue. April 22, 10:00 - Existing Home Sales for March. Prior: 4.60M. Impact Moderate.

Wed. April 23, 10:00 - New Home Sales for March. Prior: 440K. Impact Moderate.

Thu. April 24, 08:30 - Jobless Claims (Initial) for 4/19. Impact Moderate.

Thu. April 24, 08:30 - Durable Goods Orders for March. Prior 2.2%. Impact Moderate.

Fri. April 25, 10:00 - Consumer Sentiment Index for April. Prior 82.6. Impact Moderate.

 

Current rates:

30 Year Fixed - 4.375%


10 Year ARM - 3.750%
                 

7 Year ARM - 3.375%
                     

5 Year ARM - 3.00%

This column takes a look at current mortgage rates, market trends and indexes.  Jon Lamkin is Vice President of Mortgage Lending for Guaranteed Rate, 322 Route 46 W Suite 170 • Parsippany, NJ • 07054.  He may be reached at 973.939.8661  /  jon.lamkin@guaranteedrate.com  /  www.guaranteedrate.com/jonlamkin

The opinions expressed herein are the writer's alone, and do not reflect the opinions of TAPinto.net or anyone who works for TAPinto.net. TAPinto.net is not responsible for the accuracy of any of the information supplied by the writer.

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