Nice move by the mortgage bonds this last few days

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Real Estate Mortgage Broker with Chicago Financial Services (Mortgage Banker)

Bad news for the stock market has been good news for interest rates. Nice technical move yesterday and then a wild ride today. Looks like the stragglers will get one more chance to take advantage of the refi boom.

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Comments 2 New Comment

Rainmaker
280,746
Dan Tabit
Northstone Real Estate Inc.

Hi Jeff, Rates are outstanding. Have you seen the rates for ARM's?  They are not for everyone but for the right situation they are incredible.

February 05, 2010 04:18 PM
Rainer
25,005
Jeff Frank
Chicago Financial Services (Mortgage Banker)

Hey Dan,

Yes, those 5 and 7 year ARMs have been doing very well. I though one client was set for life with the 4.75% 30 year fixed I got for them last Summer. Then they told me they are most likely moving in 2-3 years and I got them into a 3.875% 5 year ARM.

February 05, 2010 04:24 PM
Rainer
25,005

Jeff Frank

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