15 Year, 30 Year Fixed & Jumbo
The Labor Department released its August Consumer Price Index data earlier this morning – and mortgage investors yawned with the year-over-year rate of inflation remaining stable at 1.0%. Could be we’re in for mortgage interest rates staying in the 4’s range– at least in the near-term.
Looking ahead to next week, news from the housing sector will predominantly dominate the balance of next week’s economic calendar – ranging from Tuesday morning’s August Housings Start and Building Permit numbers through the existing and new home sales data on Thursday and Friday respectively. The collective story is expected be one of almost imperceptible improvement – a condition not likely to cause mortgage investors to aggressively push mortgage interest rates notably higher. 
William Dukes ~ Senior Mortgage Banker
With more than 25 years of financial advising experience including 10 years in mortgage lending Will Dukes understands clients’ borrowing needs and concerns. More importantly, being a "survivor" in the current mortgage lending atmosphere speaks volumes about Will's integrity and ability to navigate rapidly changing conditions. If you have questions about finance contact Will at Summit Home Mortgage, Inc. 239.272.2241.