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Florida Mortgage Rates October 17, 2013

Finally a deal!! Any deal was better than no deal, although we’ll be heading down this same road in a few months. The government voted to fund itself through January 15, 2013 and extended the debt ceiling limit through February 7, 2014. It’s going to take a few days before delayed reports begin to roll out again after being postponed due to the shutdown. Once they get going, the economic calendar is going to be very busy.

Weekly Jobless Claims for the week ending October 12th were down 15,000 according to the Labor Department. Glitches in the California system will probably change this number when things are cleared up.

Bonds have responded well to the deal that was made last night which sent mortgage backed securities into a rally as investors once again become comfortable buying MBS and Treasuries. Favorable re-pricing for mortgage rates could be possible if this continues.

Florida Mortgage Rates October 17, 2013:

  • 30 Year Fixed Rate Mortgage – 3.875% (4.060% APR)
  • 15 Year Fixed Rate Mortgage – 2.875% (3.214% APR)

Disclosures

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