Hi Readers, Happy Valentines Day.

Inquire within for current Mortgage Rates or questions with Guidelines

Overall, the most important day of the week will likely be Thursday with the CPI being released, but Tuesday and Wednesday will also be active days for mortgage rates due to the importance of the Retail Sales data and the number of events scheduled Wednesday. There is nothing of concern scheduled for tomorrow or Friday, so we can label them the best candidates for the calmest day. In other words, be prepared for an active week in the markets and mortgage rates, particularly the middle part of the week.

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…

Please Click Here For the Lowest Mortgage Rates

bc@smarterborrowing.com  617.771.5021

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