Orlando Mortgage Blog

Points Flat So Far Today

April 9th, 2013 10:53 AM by BILL WILBANKS

 

Friday's surprisingly terrible unemployment report drove rates/points down to the lowest levels in a month. Yesterday saw points move back up once and sometimes twice by the end of the day depending on the lender. The net was about 0.25% point bump on the 30 year conventional fixed and 0.125% on the 15 year. So far this morning pricing has come out pretty flat from yesterday's end of day numbers. It's getting to the point that the old wind sock blows in one direction and the market ignors it as often as not. Thank you to those folks that jumped on the rate news in the last few days. Hope you were one of them. But really...can a 30 year fixed rate today at 3.375% or a 15 year at 2.50% for the well qualified applicant be bad in any light? I remember 1995 when the 30 year hit 9.625% and much higher for years before then! Perspective..... 

Bill Wilbanks, Broker

Posted in:General
Posted by BILL WILBANKS on April 9th, 2013 10:53 AM

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