Surprise Surprise

There aren’t any surprises out today.  Russia and Ukraine are still fighting in the streets.  Pending Home Sales (under contract and not yet closed) are up 3.3%, greater than the 0.5% estimate, and also greater than last month’s negative number.
Stocks are down; the S&P is back under 2000.  Interest rates are testing year-long lows right now…Thirty year FHA loans are at 3.5% and Conventional loans are at 4.125%. Fifteen year rates are way lower at 3.0% (APR will be higher, depending on the loan and down payment amounts, and amortization term–as closing costs and the presence of mortgage insurance affect each loan differently.)