From Ted Gosnell at First Home Mortgage….
Little change for mortgage rates this week, although the minutes from the January 29th Fed Meeting may change that for next week. Apparently Fed Officials are divided as to future Fed Policy, but the perception of most investors seems to be somewhat positive for stocks and negative for bonds and mortgage rates.
January Existing Home Sales declined by 5% to the lowest level since July 2012, which economists blamed on the weather; Bloomberg Business Radio reported that 80% of the Nation has been affected by the recent adverse weather conditions.
RATES 2/21/2014