Orlando Mortgage Blog

Monday was up from Friday. Tuesday was down from Monday. Wednesday ended with late afternoon point bumps up and that is up to discussion as to the "why". I guess many lenders seeing the gaps in secondary pricing hedges out there opted to go conservative and move it up, they can't guess wrong there from their viewpoint, right? But...STOP! Day-to-day points and therefore rate moves have been like trying to compare one crew cut to another lately. The good news has been you don't have a "Part" to contend with...in this case PARTing from your pocket money. With rates that have been on the low end of 4% on a well qualified 30 year fixed borrower for the last week or so the only worry is how long do you hold off before locking and what are you waiting on, a free toaster? Friday's employment report is the only real item on the agenda at this point and that could go either way. As Clint was famous for saying..."Do you feel lucky? Well, do ya mister?"