• What's your scenario?

    When it comes to getting a mortgage, you've got more options than you think. Everyone's situation is different. Tell me your scenario below, and I'll present you with all your options.


Close this form
close

407-704-8729

Questions? Give us a call!
Ready for your free, no-obligation personalized rate quote?
Get Started Today

Mortgage Rates August 12, 2013

Mortgage bonds kicked off the week a bit higher today, while stocks seem to be struggling. We expect this trend to hold up for the rest of the day, as there are no reports or Treasury Notes scheduled to be released that could impact how everyone is trading. However, the rest of the week is set to be loaded with new data that will give everyone a good idea as to how the economy is holding up, starting with the Retail Sales report that comes out tomorrow.

How these reports will impact the market is anyone’s guess, but if they are as strong as they have been in previous months, we suspect mortgage bonds will take a hit. Hopefully, this will be counteracted by the weakness in stocks and the lack of notes. The Treasury does not plan on offering any notes or bonds this week. Rates should remain fairly stable this afternoon, however, as always be prepared to lock.

August 12, 2013 our updated mortgage rates in Florida are:

  • 30 Year Fixed Rate Mortgage – 4.125% (4.318% APR)
  • 15 Year Fixed Rate Mortgage – 3.125% (3.516% APR)

Disclosures

Bonds are struggling to break through the 50-day average moving level. This could be a good sign, as a break above this point could equate into significant gains for the market. Don’t get your hopes up yet, but keep your eyes open. Of course, significant gains in the market (and the economy in general) could mean that inflation, which has remained somewhat stagnated for several years) could be on the rise again, which could affect our rate sheets and pricing on a level commiserate with the tapering in the fall. Not something most of us want to hear!  We’ll let you know what’s going on as pricing and sales reports are released throughout the week.

Check back tomorrow to get the newest rate updates!

When it comes to getting a mortgage

you have more options than you think

customer_for_life customer_for_life_mobile
  • Call Today! (407) 704-8729 Hours: 8:30am to 9:00pm EST

  • View $1000 Best Rate Guarantee Terms & Conditions | All rights reserved © 2018 Florida Home Funding.

    Sondi And Associates, Inc. dba Florida Home Funding. NMLS ID: 870878 Location: 390 N Orange Ave #2125, Orlando, FL 32801 | Phone: (407) 704-8729

    Content provided by The information provided on this site is for basic informational purposes only and IS NOT intended as a substitute for professional or legal advice. Notice: My Town Realty (License #: CQ1049127) and Florida Home Funding (NMLS ID: 870878) are both wholly-owned entities of Shahram Sondi (NMLS ID: 186790, License #: BK3225742). Due to this relationship, any referral between these two entities has the potential to financially benefit Shahram Sondi. Under no circumstance are you required to engage the services of one or both of these entities.
  • Florida Home Funding