Orlando Mortgage Blog

"Mortgage Rates On Two Day Losing Streak"

May 28th, 2010 5:41 AM by BILL WILBANKS

    

Stocks and Bonds. Stocks then Bonds. Investors have been on a roller coaster in search for yield and rates have suffered for the last two days because of it. The national average Par rate will probably be up to 4.75% to 5.0.% now (which typically assumes a 1% point origination cost). That's 0.125% higher than a couple days ago. I draw your attention to this Mortgage Rate Watch article that states the "why" very simply. Read more...

 Update: Good news today...looks like lenders dropped it back to Wednesday's rate level today. If nothing else it keeps us awake every day. Ha, ha. Thanks to those that responded to us and jumped on a rate lock today. We appreciate your business.

 

Posted in:General
Posted by BILL WILBANKS on May 28th, 2010 5:41 AM

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