Orlando Mortgage Blog

It's 31 Degrees In Orlando Florida?

December 27th, 2010 9:26 AM by BILL WILBANKS


If it's 31 degrees at 9 AM in Orlando, Florida this first Monday after Christmas it makes you wonder what happened to global warming. The expression on the faces of my schnausers when I let them out this morning left little to the imagination. Well maybe the best thing to do is stay inside and stay warm, finish up those leftovers, start working on this years resolution list and send out the last of the checks you want to get onto this years tax deductiuon list. Little else is going on this holiday shortened week in the markets. Today the Feds are putting out a 2 year offering and a couple more this week with little expected to move the mark much. The Chinese picked Christmas day, no planning there, to bump their rate by 25 bps in an attempt to apply the brakes on their inflation rate. So far it looks like a 2-7 bps bump across the range. The 10 year sits around 3.4% this morning. We await this mornings rate sheets after the holiday weekend.

Rates are in and it looks like points are sitting just about 37 bps higher than last Thursday's opening sheet, much of that on Christmas eve. So that puts the 30 year purchase par offering at 4.875% so far today. With many on holiday this week a reduced number of players can move the dial one way or the other fairly easily but we could see some leveling this afternoon as the buzz after the weekend mellows the hardy that made it in today.  

Posted in:General
Posted by BILL WILBANKS on December 27th, 2010 9:26 AM


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