Personal Spending Up, Consumer Confidence Surges, But is Case-Schiller Home Price Index Relevant? – Daily Mortgage Rate Update for August 31st, 2010
August 31, 2010 by Dan Hartman · 2 Comments
Mortgage pricing has swung wildly over the past 3 days. Initially, it appeared that Friday’s activity was a reaction to Fed Chairman Bernanke’s comments at the Jackson Hole Conference, however, yesterday’s almost complete rebound on almost no news brought question to that. Mortgage pricing today is again at an all time high, and may struggle to move any higher, leading to record low rates. I suspect that last week’s Freddie Mac survey rate of 4.36% may be bested once again this Thursday.
