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
No comments:
Post a Comment