Mortgage Market Guide - 12/29/08
Welcome back. I hope you enjoyed your Holidays and are happily looking forward to a wonderful New Year celebration. Today is shaping out to be good day for rates so why not lock going into the New Year and be done with timing the market. Light trading volume today. As the below graph indicates, we are seeing improvement on the 30 year bonds .
11:00am cst: my recommendation for platnum borrowers would to lock a 30 year fixed at around 4.875% with a one point charge if you can find it in your region.
2:34pm cst: Rates are deteriorating. We are now seeing pricing for the worse.
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