Current mortgage rate trends July 27, 2011 - San Diego - Encinitas mortgages

Current mortgage rate trends improved.  If you are closing your loan in 7 days or less I suggest you lock.  If more than 7 days I suggest you float but lock at the first sign of rate improvement.  I'm not convinced mortgage rates will improve much more.

The weekly jobless claims report comes out tomorrow.  This report will have a moderate impact on mortgage rate trends for the week.  More jobs lost could result in lower mortgage rates.

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Encinitas Mortgages - Encinitas home loans