Orlando Mortgage Blog

The bond market has held in a fairly narrow range so far today after closing yesterday at 3.4527%, this morning has seen little movement of more than one to two bps up and down up and down. Did I repeat myself? Good. So overall with no other reports due out this afternoon it merely remains to watch the stock market for direction or the news for any unforeseen impact today. The late weakness late yesterday brought about a quarter point increase on lender sheets this morning and then flat since. For those that missed it in the last week or so we've seen the new Fannie Mae and Freddie Mac price adjusters begin to be kicked in based on credit scores (but even the best scores can be affected), loan-to-values and loan purpose at most lenders since new loans presented to Fannie and Freddie have to be priced accordingly by April 1. So if you have an older quote you may see a slight increase even if rates overall didn't change.

Happy New Year.