consumer pride index: Mortgage Market Guide as of Wednesday, January 16, 2008
- 01/16/08 04:04 AM
GOOD WEDNESDAY AFTERNOON! No lack of volatility in the market today! Mortgage bonds opened up relatively flat at -3 basis points and over the last few minutes, they have dropped down to -16 so we may see a little bit of a rate increase. As of this morning's rate sheets, we could've squeezed a 30-year fixed in at 5.50% for purchase transactions over $170k with 5% down. With what's happening as of now, we might see them trickle back up to 5.625%. In other news: This morning's CPI (Consumer Price Index) numbers came in better than expected at 2.4% so this looks like … (0 comments)
GOOD WEDNESDAY AFTERNOON!;)
;)
