Market Update - Lock or Float (November 5)

By
Mortgage and Lending with Approved Mortgage Group NMLS #1287673

Alright, folks, I hope we are prepared for the slow economic week since it was a lively roller coaster ride last week!  If you haven't already looked at my weekly preview, please do that so you aren't missing that information.

But, here is what is going on currently:

The bond market is a little stagnant due to the fact that there aren't any reports scheduled for release today.  The Dow is currently down 60 points and the Nasdaq now down about 12 points.  So, we probably aren't seeing all too much difference in pricing from Friday.

My suggestion to you, and you can read this in my previous blog this morning, is to lock your loans because it is a greater risk to float for this week.  I would suggest locking any loans that are scheduled to close up to the 21 day mark.

You can Click Here for my previous blog this morning, and you can always visit my website at www.family-home-loans.net

 

Posted by

Andy Scherer

Loan Officer & Marketing Director

Approved Mortgage Group

610 Farm Lane, Doylestown, PA 18901

Mobile: 203-257-5279

Email: andy@approvedmortgagegroup.com

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