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Mortgage Rates Spike on Bullish Equities Market

Are you currently in the process of buying a home or refinancing in Chicago or vicinity? Trying to decide when to lock can be a stressful and difficult decision. In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible. Please see my recommendations below. Short-term - LOCK if closing in 7 or fewer days.  If closing in 7 to 15 days, cautiously FLOAT with a finger on the trigger.
Long-term - FLOAT with vigilance.
The week ahead for economic data that can affect mortgage interest rates
Tuesday
November Factory Orders FOMC Minutes from December 15th Meeting December Car and Truck Sales Wednesday
ADP Private Jobs Report MBA Weekly Mortgage Applications December ISM Services Sector Index Thursday
Weekly Jobless Claims Friday
December Non-Farm Employment November Consumer Credit ... more

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