Mortgage Rates Santa Clarita 3/17/2015

Treasury prices rose on Monday on weaker U.S. economic data suggesting a possible slowdown in the economy. The U.S. Empire Manufacturing Survey declined to a level of 6.9 from 7.8 the month prior on a drop in production of automobiles and other goods. Benchmark 10-year notes were up +8/32nds to yield 2.096%. This will impact mortgage rates Santa Clarita.Equities rallied as U.S dollar prices eased yesterday. The Dow closed higher by +228.11 points to 17,977.42, and the S&P was up by +27.79 points to end the day at 2,081.19.

U.S. Treasury bonds are opening higher this morning as market participants ‘patiently’ await the Fed’s decision on raising interest rates. The 10-year note is currently up +0.5/32nds at a yield of 2.093. Futures are pointing lower with the Dow down by -57 points and S&P is slightly lower by -7.25 points.

Getting a mortgage Santa Clarita or mortgage Valencia will result in a rate based on the 10 year Mortgage Bond. The current mortgage rate Santa Clarita will run about 1.50% higher than the 10 year bond rate. The rates will vary between lenders and a cash out refinance Santa Clarita may have a 1/4% added to the rate. Doing a refinance Valencia or refinance Palmdale will see a rate variance based on the County loan limits.

Reverse mortgage Santa Clarita will have a higher rate than a FHA home loan Santa Clarita. An adjustable rate home loan mortgage Santa Clarita will be lower than a fixed rate loan.

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