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.