September 2nd, 2010 11:37 AM by BILL WILBANKS
A little good news yesterday bumped the DOW up over 245 points and the bond moved the other way with a 0.25% point bump both yesterday and today. Ruffly a 0.50% point rise in 24 hours leaves us at a "Best Quote" on the 30 fixed home purchase right now at 4.25% with zero points...barely. Tomorrow's employment number could have an immediate effect once again. Don't go to sleep in the short run if you are in the market for a mortgage. Rates are following the DOW and the latest financial report for direction.