Mad Mortgage Machine Minute - Markets Closed Today

It really should be a quiet day today with the markets closed and the snow rolling in off of the lake.  I have a couple of side projects that I have been trying to work on around my closings.  I will be hitting them today pretty hard.  We have seen a nice drop in rates from day to day as well as an increase, but we are still at historic lows.  I hate to play market timing with rates, do it too soon and you loose that extra 1/8th of a point or you could wait too long and it cost you a half a point. 

It really pays to work with a professional that has the tools, the knowledge to know what mortgage backed bonds to watch and not the ten year t-note.  I had to laugh at someone on here the other day and I want mention any names, but they wrote a blog on why they could not figure on why rates got worse when the 10 year was so good that day. 

I learned a little saying the other day, "you can make up the facts, but not the truth".  To work with a true professional in the mortgage industry give the Mortgage Consultants at Indigo a call. 

Dave Woodson

Your Mortgage Consultant for Life

www.indigofg.com and www.uwinfin.com