Orlando Mortgage Blog

I Took Friday Off, Wow!

February 7th, 2011 10:45 AM by BILL WILBANKS

I took a personal day off on Friday and WOW! I talked about the 10 yr breaking the 3.50% barrier on Thursday after a week of continuous rises and I see that it busted through by closing to 3.6336%. This morning at 10:22 it's now at 3.6742% and that represents a 33 bps rise in yield across the 3, 5, 7, and 10 yr curve in the last week alone with selling pretty well spread across the mix. Talk about a breakout. Most lenders should be quoting the 30 yr fixed zero point perfect customer's "best quote" at 5% today with rare exception. For today's Daily Rate Lock Advisor click here. For a great look at Friday's fiasco on rates that lezd in to today click here.
Posted in:General
Posted by BILL WILBANKS on February 7th, 2011 10:45 AM

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