Mortgage Bonds are near unchanged and well off their best levels of the day, despite Stocks moving lower amidst rising global security worries.
Reports that Turkish forces shot down a Russian jet has added to the escalating terror threats.
In economic news, Gross Domestic Product in the third quarter fell well below the second quarter, while November Consumer Confidence declined from September. A separate report showed home prices saw solid gains year-over-year.
In the midst of some Bond friendly news and lower Stock prices, Mortgage Bonds are near unchanged. Locking is recommended.
Jesse Stroup
California Mortgage Professional
www.CaliforniaHomeLoanLender.com
Pacific Funding Group
NMLS# 6229
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. NMLS # 930622 | NMLS # 6229