Here are the weekly mortgage rates compliments of Ted Gosnell of First Home Mortgage.
“The global economic news released this week, though relatively light, seemed to be better than expected, which caused mortgage rates to end the week slightly higher. The housing market data released this week was also good for the economy (and bad for mortgage rates). According to the National Association of Home Builders (NAHB), the number of improving housing markets expanded for the sixth straight month, indicating that 70% of the major metropolitan housing markets are improving. Economists cautioned however, that much of the improving housing numbers were caused by investors building and buying new rental properties and not by new home owners and although this obviously effects the economy in a positive way, new homeownership is a more effective economic boost. “