Orlando Mortgage Blog

February 3rd, 2011 12:21 PM

The 10yr passed what has been seen as the recent resistance level at 3.50% today. Points quoted from lenders are now up a solid 75 bps since opening Monday. Those folks that took advantage of locking feel pretty smart right now I bet. How far away is 5% on the 30 year...on the horizon. What in the world are you waiting on? More.

By the way the Feds purchased $8.87 bln of 2021-2027 maturity Permanent Open Market Operations as dealers were looking to put back $23.52 bln or about 3.77 times more than the Feds wanted to buy.


Posted by BILL WILBANKS on February 3rd, 2011 12:21 PMPost a Comment (0)

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