As of 12/19/2023 – Base Rates Continue to Improve
The BASE RATES (before addons for LTV, DTI, and FICO) continue to creep downward based on last week’s Federal Reserve meeting comments that there will be NO MORE Fed Increases and they’re looking at three (3) 0.25% decreases in 2024. This has helped generate positive energy with the Wall Street mortgage backed securities market and fingers crossed this trend continues well into 2024 …