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When is it the best time to lock a rate

By
Mortgage and Lending with Orange County Capital Mortgage

many people ask when is it the best time to lock in a rate? Well when the rates the lowest of course!  answer: a little FYI, the market usually will close the best at the end of the week, therefore usually friday is the best day to lock!

Notes/Bonds
 COUPONMATURITY
DATE
CURRENT
PRICE/YIELD
PRICE/YIELD
CHANGE
TIME
2-Year4.87501/31/2009100-03 / 4.820-00+ / -.00413:05
3-Year4.75002/15/2010100-03 / 4.720-00+ / -.00313:08
5-Year4.75001/31/2012100-11 / 4.670-00¾ / -.00513:08
10-Year4.62502/15/201799-16½ / 4.690-00+ / -.00213:08
30-Year4.75002/15/203799-14+ / 4.780-01¾ / -.00413:09