Orlando Mortgage Blog

The 10 year up and down in the last 24 hours has been little help to rates since lenders have sat back to wait out the reaction. After the 10 yr closed yesterday at 3.1465% it has followed the DOW (up 169 pts) back up this AM and now sits at 3.26% and basically almost where it started before yesterdays swing downward with little changed on the rate scene. We still have very minor price (point) improvement, so barely keeping quotes like the FHA 30 year fixed at yesterday's low of 4.625% and most others didn't move down at all. Go figure...