Here are today’s mortgage rates in Kansas City

Mortgage Bonds closed the day higher on Friday with traders buying bonds as a “safe-haven” trade headed into the uncertainty of the weekend.   And so far this morning, with no major developments or heightened unrest out of Libya, that trade is being unwound or reversed as traders sell bonds.

Also hurting bonds is the high price of oil, which now trades near $107 a barrel.  Remember that high oil prices are inflationary and bad for everything- both stocks and bonds.

I will continue to recommend locking mortgage loans as the bonds battles a key technical resistance level and fundamentally battles concerns of inflation,  a continuing weak US Dollar, high oil prices and another round of debt supply hitting the market this week.

Here are today’s mortgage rates in Kansas City:

  

20% down 30yr fixed:  4.875%

20% down 15yr fixed:  4.25%

3.5% down 30yr FHA  : 4.75%

(**All rates above based upon 200K purchase with 720 credit scores.  No origination or discount points. )

Have a great and productive day!!!

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Blog post written by the Dowell Taggart Team of RE/MAX Best Associates

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