Orlando Mortgage Blog

Ten Year Down Again?

December 17th, 2010 8:41 AM by BILL WILBANKS

 

After closing at 3.5161% Wednesday a day of pricing increases (points), then hitting 3.5537% in the morning yesterday with price going higher yet, before moving lower late in the day to close at 3.4126% which saw a slight lowering on price late in the afternoon, the 10 year sat at around 3.39% at 8 AM this morning. Rates have been on a surprising uphill jaunt for the last two weeks. If levels remain below the 3.4% level on the 10 year or lower this morning we could see another downward price adjustment which would certainly be most welcome for mortgage shoppers. The "if" and "how much" remains to be seen on this morning's first pricing sheets. I'd like to see enough help to at least keep us off the 5% 30 year fixed level we broke a couple days ago. "Four something" sounds so much better than "five something".

Posted in:General
Posted by BILL WILBANKS on December 17th, 2010 8:41 AM

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