Orlando Mortgage Blog

DOW drop of 145 didn't help rates late afternoon

June 24th, 2010 10:30 PM by BILL WILBANKS

The DOW ended the day with another 145.64 drop for 1.4% decline by day's close. This morning saw the 10 year Treasury down to 3.088% helping rates hit new record lows only to head north to 3.1407% at the end of the day and push lenders to reprice late day back to yesterday's level of around 4.625% on a 30 year fixed zero points which is still phenomenal I must say. Read more...

I'm going to break a golden sales rule. Never get political. But, I can't take it any more Gomer...I find I can't watch the world news and certainly not the business channels on the  boob tube recently. I'm afraid I won't be able to repair the hole left by my size 13 EEE foot in the middle of the flat screen. If D.C. is too idealistic, too stupid or simply too self-serving to be able to help the economy grow at least get out of the way and let markets work on ways to put people back to work. And please, would somebody take the pen and checkbook back from the Prez and his "spread the wealth" buddies. . . at least until after the first week in November? I wish I could say I felt better now. . .

Posted in:General
Posted by BILL WILBANKS on June 24th, 2010 10:30 PM


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