Orlando Mortgage Blog

Ten Year Nears 2.0% Again

April 9th, 2012 11:17 AM by BILL WILBANKS

That's right folks! After Friday's big miss on the unemployment numbers by 80,000 folks or so from the forecast, the DOW is currently lower by about 130 points this morning again and points have continued to slide back down again as well. If you were paying attention just two weeks or so ago the 10 year treasury was running nearly 2.40% and rates followed right along putting us firmly over the 4% 30 year rate level for "Best Performers". This morning I see my best lender quoting 3.75% on the well qualified borrower. Why? Because this morning we see the 10yr nearing the 2.00% level once again and has many wondering if it will break back into the high 1's again and if it does for how long? Rate watchers should have their trigger hammer cocked right now and be ready to take advantage of it. So whether you want the lowest rate or best rebate against your closing costs...this is great news for you both! Can I earn your business today?


Bill Wilbanks

Posted in:General
Posted by BILL WILBANKS on April 9th, 2012 11:17 AM


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