WeeklyBasis 11/21/05: Consumer Confidence and Holiday Shopping
Rates are down about .125% this week over last, and we can expect markets to be tame going into the Thanksgiving weekend. I’m certainly thankful for that, as I’m sure you are too. The only big economic release this week is Consumer Confidence on Wednesday. It shouldn’t move markets much, because traders will be saving up their energy for Monday, once they see how the holiday shopping season kicked off. Have a great long weekend!
Conforming ($200,000 – $359,650) – NO POINTS
30 Year: 6.25% (6.39% APR)
15 Year: 5.875% (6.015% APR)
5/1 ARM: 6.0% (6.15% APR)
Jumbo ($359,651 – $650,000) – NO POINTS
30 Year: 6.5% (6.64% APR)
15 Year: 6.125% (6.265% APR)
5/1 ARM: 6.125% (6.275% APR)