FHA 30 year rates are ranging between 3.875% ( 3.9% APR) and 4.125 % ( 4.33% APR) depending on points paid. The bottom line is that home loan rates are still near historic lows, which makes now a great time to purchase a home!
Forecast for the week:
The economic calendar was extremely light last week, but look out this week! The markets are set for a slew of reports that will give us a look at the economy across many sectors.
Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result.
As you can see in the chart below, the markets continue to be volatile, though home loan rates are still near historic lows. As always, I'll be monitoring this situation closely.