Orlando Mortgage Blog

Today's Rate Lock Advisor

November 9th, 2010 12:17 PM by BILL WILBANKS


For those that don't have the time today to take full advantage of all the data found on our site I bring your attention to the following thumbnail: Read On

Update after the so-so results of today's 10 year auction. Both the 30 year and 20 year products are now up a full 0.25% to 0.375% (1/4 to 3/8) points on the updated lender pricing sheets this afternoon. The 15 year fixed, a popular refinance product option, appears to be worse by about 0.25% point after the 1 PM auction data release. An already historically low 4.00%/zero point 30 year rate on a fixed purchase has seemed to be like holding on to smoke of late. It's gone again this afternoon. Congrats to those who were able to lock in yesterday. Tomorrow could be better.

2nd Update (3rd set of rate sheets) The 30 and 20 year are now up a full 0.375% to 0.50%  (3/8 to 1/2) point in total today. It's afternoons like this I wish I had a hobby instead of a business. Never thought I'd dislike it that the rate got bumped to a "terrible" 4.25% 30 year fixed...let's keep it in perspective you guys.

Posted in:General
Posted by BILL WILBANKS on November 9th, 2010 12:17 PM


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