Interest Rate Update & Search the MLS like an Agent

Interest Rate Update:
Current Trend Direction:Moving Sideways
Risks Favor:Locking on the Dips
Mortgage rates started off this week slightly lower, despite the fact that stocks continued their climb, spurred on by some positive economic data from retail sales and industrial production and investors' general optimism that a recovery is under way.
 
Wednesday, the Federal Reserve Board met and resulted in a no change to current interest rate policy, although whispers were heard that rates are likely to go up sooner rather than later.
 
The old rule of thumb is that when the economy gets better, even rumored to get better, you can bet you'll see interest rates moving right up with it.
Have a great weekend!..Tom,

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