Inquire within for current Mortgage Rates or questions with Guidelines

Overall, look for plenty of movement in the financial markets and mortgage rates several days this week. Wednesday will likely be the most important day of the week with the FOMC adjournment and the fairly important Durable Goods data, but we may also see noticeable changes to rates Thursday after the GDP is posted. If this week’s reports reveal weaker than expected economic conditions, the bond market should extend its rally and mortgage rates should fall for the week. However, I recommend taking a cautious approach towards rates if still floating an interest rate and closing in the near future.

If I were considering financing/refinancing a home, I would….

LOCK if my closing was taking place within 7 days…

FLOAT if my closing was taking place between 8 and 20 days…

FLOAT if my closing was taking place between 21 and 60 days…

FlOAT if my closing was taking place over 60 days from now…

Click for Massachusett’s Lowest Mortgage Rates

bc@smarterborrowing.com 617.771.5021

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