oklahoma: Daily Lock Advisor
- 03/05/08 08:05 AM
Greetings Everyone, What a roller-coaster has this been lately for the rates. We have had 3-4 reprices within the day on and off for a while now. My best advise to a borrower is to be sure that they are comfortable with their purchase and not think about the rate. If you like the rate then lock it and forget about it. I do not believe in timing the market and will never advise anyone to attempt in doing that. The Daily Advisor is a good prognosis. But even then, I would instruct your clients to just make sure that they are comfortable with their purchase … (3 comments)
oklahoma: DAILY LOCK ADVISORY - Very important
- 08/16/07 05:17 AM
Visit my website at http://www.loansbyandi.com/ Rate Lock Advisory - Thursday Aug. 16thThursday's bond market has opened in positive territory due mostly to early stock losses. The stock markets are reacting to more credit concerns and overseas losses with the Dow down 134 points and the Nasdaq down 22 points. The bond market is currently up 16.32, but we will still see an increase in this morning's mortgage rates of approximately .250 of a discount point.The Commerce Department reported this morning that starts of new homes fell 6.1% last month, reaching a their lowest level since January 1997. This indicates that the … (0 comments)
oklahoma: Daily Lock Advisory
- 08/10/07 03:38 AM
Rate Lock Advisory - Friday Aug. 10thFriday's bond market has opened in positive territory following early stock losses. The stock markets are posting sizable losses with the Dow down 170 points and the Nasdaq down 48 points. The bond market is currently up 6/32, but we likely will see little change in mortgage rates as a result of weakness in bonds late yesterday.There is no relevant economic news scheduled for release today. The bond market showed some weakness late yesterday after the results of the 30-year Bond sale were announced. As with Wednesday's 10-year Note sale, it was met with a … (0 comments)
oklahoma: Daily Lock Advisory
- 07/27/07 05:51 AM
Rate Lock Advisory - Friday Jul. 27thFriday's bond market has opened slightly in positive territory after this morning's economic news eased inflation concerns. The stock markets are in negative territory again after yesterday's major sell-off. The Dow is currently down 90 points while the Nasdaq has lost 16 points. The bond market is currently up 2/32, which with yesterday's late strength should improve this morning's mortgage rates by approximately another .250 of a discount point.The Commerce Department reported this morning that Gross Domestic Product (GDP) for the 2nd Quarter rose at a 3.4% annual pace. This was a little higher than … (1 comments)
oklahoma: Daily Lock Advisory
- 07/24/07 07:12 PM
Rate Lock Advisory - Tuesday Jul. 24thTuesday's bond market has opened in positive territory as stocks open with sizable losses. The Dow is currently down 96 points while the Nasdaq has fallen 20 points. The bond market is currently up 3/32, which will likely improve this morning's mortgage rates slightly.Tomorrow brings us the release of the week's first economic news with June's Existing Home Sales. This is the first of two housing sector related reports scheduled for release this week. June's New Home Sales will be posted Thursday morning and both are expected to show declines. However, I don't think either … (2 comments)
Greetings Everyone,
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