Orlando Mortgage Blog

No News Is. . .No News

June 18th, 2010 9:06 AM by BILL WILBANKS


With no financial reports due out until next Tuesday expect little domestic effect on rates. Yesterday the 10 year ended at a low of 3.187% and this morning sits around 3.207% so lenders that didn't adjust their price (points) slightly at end of the day will probably do so on this mornings sheet especially on a Friday with the weekend in front of us as a typical hedge against any over the weekend foreign market burps. Today's quadruple Witching for quarter's end should be fairly built-in to rates. Great rates, and that's what available today, can mean great opportunity so don't take a nap if you can help it.

Copied to refresh our memories from last Friday's posting:

Here's a "did you know" question and thought for the weekend. Did you know that second or vacation home rates are the same as owner-occupied rates in most cases? So, if you own one now and you're not upsidedown on it, what a great refinance opportunity. If you have ever considered owning a second home when do you think you will find another time when homes can be had at prices like we are seeing today at rates that your grandparents got 40 and 50 years ago? It's half full you guys.

Posted in:General
Posted by BILL WILBANKS on June 18th, 2010 9:06 AM


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