Need Mortgage Help?
Fast Mortgage Rate Quotes

Mortgage Update for October 26, 2012

Comments Off on Mortgage Update for October 26, 2012
Bookmark and Share

Mortgage Update for October 26, 2012This morning saw two relatively positive reports come out. The markets had little reaction to this data, as they continued to monitor the equity markets and the situation in Europe for any new information that might provide more insight into the situation there.

 GDP and Consumer Sentiment Data Released

The first report was the release of the 3rd Quarter Gross Domestic Product (GDP) that showed the economy grew at an annual pace of 2.0% in the last quarter. This number came stronger than the 2nd quarter number of 1.3% and higher than the market expectation of 1.9%. The GDP is important to market watchers because it is the market value of all officially recognized final goods and services produced within the United States in a given period.

This morning also saw the University of Michigan’s revision of their Index of Consumer Sentiment for October come in at 82.6, down from the initial estimate of 83.1. This data saw very little reaction in the markets.

Where Are Mortgage Rates Now? Should I Lock?

We could put current mortgage rates here, but chances are that they will have changed by the time you’re reading this since they can change several times throughout the day. To get the latest mortgage rate updates, feel free to request a FREE mortgage rate quote or call us directly.

We can also help you understand which programs are available and which one might make the most sense for your needs. We can put together a mortgage strategy that makes the most sense for your unique financial needs and scenario.

Tags: ,

Related Information:
  1. 15 Year Fixed Mortgage Rate History in Charts
  2. A History Of US Mortgage Rates
  3. Ben Bernanke Gives Semiannual Monetary Policy Report to the Congress
  4. Bernanke Speaks: How Does This Affect Mortgage Rates?
  5. BrokerScience Disclosure

Trace Richardson has written 638 articles on BankChirp.com

I'm Trace Richardson and am the founder of LeadPress. I’m a licensed California Real Estate broker and a former equities trader previously holding the Series 7, 63, 55 and 24 securities licenses.

Contact the author

0 Responses to “Mortgage Update for October 26, 2012”


Comments are currently closed.
Mortgage Rates