September 4th, 2013 4:37 PM by BILL WILBANKS
Points started out worse this morning than yesterday morning and by the end of the afternoon most lenders have repriced about 0.50% point for the worse by the end of the day. Treasury 10-yr note hit 2.89% yield by late afternoon as the market prepares for expected Fed purchase reductions at their meeting this month. Tomorrow has three more reports to watch that may impact rates as well. I guess it's true we don't get out of this life alive....why should rates be any different? If I'm asked my opinion and I need to close in the next 30 days....I'm locking my rate. But that's one man's CYA opinion.