droping rates

By
Mortgage and Lending with Academy Mortgage NMLS#329710

Bond prices climbed for the fifth straight session Thursday, helped by a government auction of 30-year bonds. The dollar fell against the euro and gained versus the yen. That should keep mortgage rates on the way down. By tuesday of next week should be prime for locking conforming loans.

Meanwhile the sub-prime market is tightening up, many lenders are increasing minumum scores required for %100 financing. This seems to be a trend with alt-a lenders with many of the specialty progams either going away or the requirments "tightening up"

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