Investors focused on the positive aspects of the U.S. spending and core inflation data as well as a key manufacturing survey for April and shrugged off higher-than-expected U.S. initial jobless claims.
Locally we are seeing a reduction in the number of new, and or unsold homes, which suggests this markets demand will begin to increase.
Product Rate APR
3/1ARM *5.250% *5.328%
5/1 ARM *5.375% *5.460%
15 Yr. Fix. *5.375% *5.460%
30 Yr. Fix. *5.750% *5.828%
*Rate is based on 20% down payment
*APR is based on $250,000 loan amount