Orlando Mortgage Blog

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Points got worse this afternoon and by the end of day with data like the unemployment claims coming in better than expected and the 30 year bond sale mediocre at best compared to yesterdays 10 year sale. The 10year closed at 2.661% yesterday and now sits at 2.757%, big jump. Rates had nowhere to go but up late in the day compared to this mornings' start. So...that means about .125% higher rate this afternoon folks. If you are thinking about applying do it, and if you are in the middle of putting it together complete that package quickly. Nothing says you can't float if you have the nerve. I've never had that much nerve, but that's me. Sometimes that extra .125% holdout or putting it off for a few days can be expensive.