9/22/08
Volatility continues to be the name of the game. Rates are opening up higher that Fridays close. Inflation is pushing up commodities, and we have a slow week of information that can confirm inflation. Wednesday existing home sales number will be out followed the next day with new home sales.
Trend for new is to lock if you can, I see rates on the move, in the wrong direction. However with the volatility in mortgage bonds just about any news can send rates in another direction. Watch your news and see where are next move will be.
Bob Buchanan, co founder
First Assured Mortgage
4830 Bob Billings Pkwy Suite 100A
Lawrence Kansas 66047
ph 785-865-5626
fx 785-856-72832
toll free 866-754-5311
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