Mortgage Rates May 9_2014 in Silicon Valley

Courtesy Tony Guaraldi, VP of Mortgage Lending Guaranteed Rate Mortgage

CLICK HERE for the current Friday Mortgage Rate Sheet effective May 9, 2014.

As we had hoped Bonds continued to climb for most of the week.  As you can see from the below Bond prices are at their peak for 2014 which means rates are among the best available this year so far. 

Bond Graph_May 9_2014

Bond prices are at their peak for 2014 which means rates are among the best available this year so far.

Below is zoomed in on the last three months and you can see a clear uptrend that started about two and a half weeks ago.  We tested it today so we’ll be watching this carefully to see if prices will stay within the uptrend next week.  Hopefully after a pause here the rally can pick up more steam next week.  If not then locking in to protect the gains from the past several weeks seems wise in the short term.

Bond upward Trend starting Feb. 2014 to date.

Bond upward Trend starting Feb. 2014 to date.

For more information contact:

Tony Guaraldi, VP of Mortgage Lending Guaranteed Rate Mortgage

tony.guaraldi@guaranteedrate.com

o: 408.841.4953 – m: 408.504.3295

NMLS ID: 293894

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