Orlando Mortgage Blog

Rate is up a little AM/ then down a little PM

September 30th, 2010 12:04 PM by BILL WILBANKS

    

The 10 year is currently up about 3 bp this morning. Employment number is not as bad as forecast. We've received our second rate  sheets this morning and points bumped up since yesterday morning by 0.25 to 0.50% basically moving the typical fixed rate quote up 0.125% in rate. Roller coaster days are upon us. When you see what you like nowadays...jump on it. 

This morning's move was brought back down this afternoon. Is this the definition of motion illness? At least it's back in the right direction. But at these levels does it really matter other than feelling like you got your best deal that day? Not really when you look at the payment impact for a .125% rate move...

Posted in:General
Posted by BILL WILBANKS on September 30th, 2010 12:04 PM

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