Inquire within for current Mortgage Rates or questions with Guidelines

Okay, so the Mortgage Bond Market got better for you borrowers this past Thursday and Friday, but waht lies ahaead? Overall, look for tomorrow, Tuesday or Friday to be the biggest day for mortgage rates. Friday’s Employment report is the most important piece of data, but Tuesday’s ISM Index draws a lot of attention also. We could also see movement in rates tomorrow morning following the activity at the end of last week. If we get weaker than expected results from Tuesday’s ISM report and Friday’s employment data, we should see rates close the week lower than last Friday’s closing levels. If the data shows stronger than expected results, we may see mortgage rates move higher for the week. With some very important data being posted over the next five days, I strongly recommend keeping fairly constant contact with your mortgage professional if still floating an interest rate.

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

Float 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…

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www.Smarterborrowing.com

bc@smarterborrowing.com 617.771.5021

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