List Hub Cuts Off Zillow and Trulia!

Good morning,

Here are today’s rates and commentary:

CONF 30YR FRM*   CONF 15YR FRM*   FHA 30YR FRM*  JUMBO 30YR FRM*

3.500% Rate             2.875% Rate            3.250% Rate          3.500% Rate

3.542% APR              2.914% APR             3.299% APR           3.512% APR

0.000 Points              -0.250 Points           0.125 Points          0.000 Points

What's Driving Rates?

Germany expects negotiations with Greece to drag on until the current round

 of bailout funding runs out and is prepared to play a waiting game until April or

 May, when the country approaches a cash crunch, a person familiar with the 

matter said. Greece would not immediately go bankrupt at the end of February

 because it has resources to last beyond that point and Germany is ready to wait 

until there is a more urgent financing need to strengthen its bargaining position, 

said the person, who asked not to be identified discussing internal talks.

Have a great day.

Tammy Ranger-Mortgage Loan Officer

NMLS# 685286

Lake Michigan Credit Union

310 W. Front Street

Traverse City, MI 49684

P: (231) 932-6284

F: (231) 932-6298

C: (231) 218-1161
Send Secure Email

E: Tammy.Ranger@lmcu.org