OK folks, for those of you that know better than the experts...dont read any further. 

For those of you who are looking for some advice on whether or not to Fix your ARM and are looking for guidance; here is my answer; 

NOW!

Tomorrow rates will be signinficantly lower than they have been in the past two weeks, the last time we saw rates are low as they will be tomorrow ( I know, I am predicting the future, aint it cool?) was Teusday January 22nd. Recall just a moment, then read my posts from that day.

The overnight markets imploded on Monday (MLK Jr. B-day), London & India lost more that 7% of their values, records to say the least. America wasnt open for business to offer our general optimism so they fell all day.

Tuesday, the futures were trading on the big board down more than 400 points! The fed announced an unscheduled rate cut of .75% The market closed down a modest 100points, adding credence to the fact that Americans are a resilient bunch!

Mortgages rates plummeted on Wednesday, not enough people acted, many did. Rates immediately rose .25 on mortgages. (shocker to those of you who DONT read my blog)

The fed met and cut rates the anticipated .25% last week...mortgage rates rose again. (Shocker to those of you who actually read my posts).

OK folks, here it is....proof...rates will be worth locking tomorrow if you need to purchase or refianance a home.

The big board fell 370 points today on the basis of what we the consumer have known for  along time...our dollars arent buying us what they used to....ahem,.,,inflation. Again shocker to those of use who follow economic data. Raw goods, ie energy & crude have shot off the grid in the past six months. It now cost $75 to fill the same ugly mini van that last spring cost $45 and dont even get me talking about three years ago. (for those of you having a hard time following..that's called inflation).

 All that to say, trader are nervous, and when they are nervous, they buy bonds. That's right, they buy bonds, the security that MOST influences mortgage rates! 

So...lock your loans...and if you cant get your loan officer on the phone tomoorow, call me, I am answering all my phones personally, I will have three phones avaialable tomorrow for my clients. You may have to wait for a moment while I having one of them up, but here are the numbers;

(919) 439-9860

(919) 559-3384

(231) 929-0505