February 15th, 2013 8:51 PM by Preston Ware
Happy Valentines Day 2013 everybody! This is Preston Ware talking to you today about interest rates. Please note this recent article as of yesterday from Mortgage News Daily that interest rates have hit the highest levels of the year.
This is largely due to some good demand for mortgages as well as a healthy increase in our stock market since Christmas going from 13,000 to 14,000 on the Dow Jones. When keeping track of interest rates please keep in mind that a good day for the stock markets is a bad day for mortgages and vice versa.
Looking at my rate lock advisory provided by my web site vendor it appears the extended outlook is for an improvement in the next 30-90 days.