Market Update - Lock or Float (November 6)

By
Real Estate Agent with Keller Williams Real Estate RS324434

Ladies and Gentlefolk, please keep reading as I have a new updated status on whether you should lock or float today!  This suggestion might cause some controversy:

The bond market were negative this morning (11/32 down) after stocks had an early rise (Dow up 50 points while Nasdaq up 3 points).  You are probably seeing higher mortgage prices today by about .25% of a discount point.

With that said, I can firmly say that I expect a slight downward motion of the bonds over the next couple of days (especially since there aren't any major earthshattering economic news releases scheduled).  So, I am going to suggest that you lock your loans and lock every loan in your pipeline if you plan on closing it within the next 60 days.

Keep an eye on the bond market just in case you go against this and attempt to float!

Posted by

Andy Scherer

Listing Specialist

John Meulstee Home Selling Team

Keller WIlliams Real Estate

Mobile: 203-257-5279

Email: andy@meulsteeteam.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Tags:
countrywide
meriden
connecticut
mortgage
refinance
news
market
updates
loans
homes
house
fed
stocks
bonds
rates
finance

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the foot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
3,826
Andy Hubba
EXIT Realty Professionals - Virginia Beach, VA
Thanks for the insight, hard to always stay on top of the homework in this business.
Nov 06, 2007 02:42 PM #1
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the leaf to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
27,145

Andrew Scherer

Real Estate Representation At It's Finest
Free Total Market Overview?
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the graph to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: