May 25th Market update: Roland Garros?

Good afternoon,

I had to catch up on the French Open news this morning as for a tennis fan, it’s traditionally the most unpredictable of tournaments. In reality, with weddings, a little girl and all that comes with a family, I’m only daydreaming about catching up on the tournament.

Interest rates are holding pretty steady albeit slightly higher than last week. We’ll keep this one short and sweet as the week passes.

Rates: 30 year fixed at 4.50% and the 15 year at 3.875%, FHA: 4.25%: As always rates change with individual credit scenarios and programs, with credit in the mid 700s and a 20% down payment these rates are what you should be seeing.

Thanks

Matt

Matt Royer Mortgage Consultant, CMC | Homes Mortgage NMLS# 366970