We have the BEST Mortgage Rates in Naples. click here to get preapproved.
National Average 5.32% with .80% loan origination
Our rates 4.875% with 1% loan origination
5.125% 30 Year Fixed with NO broker points.
MARKET UPDATE
The stock market has started the week with gains. Pushing the 10 year bond and rates up this morning. This week we should have some MAJOR volitilty in the mortgage market. ( what’s new)
Commerce dept, consumer confidence, durable goods, US factories and the GDP. If manufacturing shows weakeness which is expected by most economist than we would see an uptick in rates.
I am recommending NOT to lock this week unless you are closing within a five day period. Treasury bond auctions later this week. I will be watching to see how much more Fed funds will be pushed into the system to keep rates low.
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