June 30th, 2010 10:31 AM by BILL WILBANKS
Yesterday's historic drop on fixed rates gave us the ability to quote 4.375% zero points on a 30 day 30 year fixed purchase and 3.875% zero on the 15 year on a $250k loan. This morning has seen a flat DOW and a 10yr TSY that was only up about 1.75 bp from yesterday's close. Net effect so far is that on the mid to larger loans rates held. Smaller loan amounts saw an .125% to .25% price (points) increase so far. Thank you to those of you who were ready to take advantage and scoop up the savings yesterday. It certainly paid off for you. Those that are sitting the fence still. . . I hope you guess correctly. If you need any assistance with facts today, please call or email me. Click the "Contact button on the home page. Can't believe I was still working on new files till almost midnight...thank you, keep it coming I can take it!