November 12th, 2010 10:40 AM by BILL WILBANKS
Fixed rate mortgages prices should be up 0.125% or more so far this morning. The 10 year bond closed Wednesday afternoon at 2.6268% and sat at 2.6967 or about 7 bp at 10 AM this morning after the one day closure for the holiday. How good does that 4% zero point quote look, from a week or so ago on the 30 year fixed, today? Right now we see it generally 0.25% higher on the rate on that quote today (and barely able to hold that level based on today's sheets so far).
Update 3:30: The 10 year now sets at 2.7617% that's a total of almost 14 bp in just one business day from Wednesday close out number above. So...points bumped by another 0.25% to 0.375% this afternoon from this AM. Times wasting away if you are fence sitting right now.