An analysis of todays Mortgage market finds the following information.

The employment situation reading of new jobs created completely fell short of even the worst expectations. There couldn't be any better news for mortgage rates.

As a result, look for the best rates you've seen in over 2 years this morning.

Some lenders will hit 5.375% today.

Although it's always a safe bet to lock when the rates are at the bottom of their trading range, today's massive movement could mean the market and more important the raw data "trend" has shown us the possibility that it will move even lower. Recession talk will be rampant today. Locking is a safe bet, but there is evidence for the economy to get even weaker thus making floating an enticing possibility for those of you who side with the bears.

The buyers market looks even better.  Call me and let's discuss you home buying options.

I AM AT YOUR SERVICE!