Important Economic Data
Thursday’s bond market has jumped back into positive territory following a weak day in stocks due to overseas losses and concerns about the economy after yesterday’s FOMC comments. This week has been busy in terms of the number of economic releases and the last of the Fed’s (FOMC) meetings of the year. Based on the movement we’ve seen today, I’m switching to a FLOAT recommendation for all but the most immediate closings.
I believe mortgage interest rates will stay the same or possibly decrease a tiny bit through the holidays
Lock/Float
If I was closing on a home mortgage in the next 0 to 15 Days – LOCK
If I was closing on a home mortgage in the next 15 to 30 Days – FLOAT
If I was closing on a home mortgage in the next 30 to 60 Days – FLOAT
If I was closing on a home mortgage in the next 60+ – FLOAT
bc@SmarterBorrowing.com 617.771.5021
photo: AMcGill CC 2.0
bc@smarterborrowing.com
617.771.5021
