Good Afternoon Everyone! As I have said before, one of the wonderful things about working for Keller Williams is the partnerships we have and in our office, we have Suntrust as our preferred mortgage lender. Robin Vickers, our Suntrust representative, always sends us some great information about the market and rates and with rates changing frequently, it is nice to be kept updated. Below is an email from her that I got today that I wanted to share. Have a wonderful weekend!
Thought I would share the ratelink quote with you, yesterday was a rough day with interest rates. There were 2 intra-day price changes in an upward motion meaning interest rates went up twice mid day yesterday and are expected to go up further today due to the positive employment and payroll figures.
RATELINK MARKET QUOTE
RIGHT NOW: 12/7/07 8:32 AM
The market is Worse by 1/2 since Thursday 's ratesheet
Unemployment @ 4.7%, expected @ 4.8%. Payrolls +94k, expected +90k. Expect continued bond weakness pushing rates higher.
Change since pricing
In discount points
In 32's
Decimal
30 Year Conv (FNMA MBS)
Worse by 1/2
-13
-0.40625
15 Year Conventional
Worse by 3/8
-11
-0.34375
30 Year FHA/VA (GNMA MBS)
Worse by 1/2
-13
-0.40625
15 Year FHA/VA
Worse by 3/8
-11
-0.34375
7/23 Conventional
Worse by 1/4
-6
-0.1875
5/25 Conventional
Worse by 1/4
-6
-0.1875
Comments (0)Subscribe to CommentsComment