Mortgage markets are currently on a mini two week rally… pricing has gotten better again.
Inquire within for current Mortgage Rates or questions with Guidelines
Overall, it will likely be another active week in the mortgage market. Friday will probably be the most important day of the week with the Retail Sales report due, while the calmest day could be tomorrow or Tuesday, depending on the stock markets. I am expecting to see the most movement in rates the latter part of the week, so please be careful if still floating an interest rate.
If I were considering financing/refinancing a home, I would….
Lock if my closing was taking place within 7 days…
Lock if my closing was taking place between 8 and 20 days…
Lock if my closing was taking place between 21 and 60 days…
Float if my closing was taking place over 60 days from now…
Please Click for the Lowest Mortgage Rates
bc@smarterborrowing.com 617.771.5021
