Wednesday, December 18, 2013

Daily Market Report 12/18/13 Provides the mortgage interest rate trends and navigates through the current interest rates for home loans.  Mike Bjork provides this daily service by watching the interest rates in California by projecting his thoughts on the mortgage interest rates forecast.  By trade, Mike Bjork is a Sr. Mortgage Planner with First Cal Mortgage.

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 UPDATE: More will be discussed in tomorrow's Report, but Fed tapered MBS purchases by $10 Bln (to $75 Bln/month).  MBS dropped and rates jumped up just over 1/2 point after the FOMC statement.

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