Today’s Mortgage Rate Lock Recommendation: October 30,2013

Freddie Marmolejo NMLS# 328534. Let’s Talk. (512) 799-0133 American Nationwide Mortgage. Your Texas and California FHA | VA | JUMBO |Reverse Mortgage Depot! MortgageLendingStation.com

The Federal Reserve will release its monetary policy statement this afternoon around 2:00pm ET and ahead of the headlines, Mortgage Bonds are trading near unchanged. low mortgage rates

In economic news, ADP reported that private employers added 130,000 new workers in October, just above estimates and below the September level of 145,000. In addition, the Consumer Price Index came in as expected as inflation remains contained.

I am recommending to float your mortgage rate into the Fed statement, for I don’t see any major headlines that will cause an uptick in volatility. However, sentiment can quickly reverse if the there are any surprises in the statement. If anything changes, I will get back to you.

Your Trusted Mortgage Advisor: Freddie Marmolejo   fmarmolejo@americannationwide.com  American Nationwide Mortgage Company NMLS# 13392

Brought to you by Mortgage Market Guide

 

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