Mortgage Interest Rate Market Update | Guild Mortgage

By
Mortgage and Lending with Axia Home Loans & Real Estate Investment Firm

Market Update | Guild Mortgage

Our benchmark bond market for mortgage interest rates began worsening at the end of last week (2/17) losing a significant amount of basis points (which equates to around .125%-.25% worse in rates depending on the specific product).  We saw some improvement this week to eat into about half of what we lost.  I am continuing to float my existing loans that are 7 days or more out from closing. The economic calendar for next week will have plenty of potential market moving reports. 

Please let me know if you would like to have a regular Friday interest market update.

Posted by

Tom Jarzynka!

 

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Thomas Jarzynka
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