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Sorry for the delay, been a crazy morning.

So what’s happening in the markets today?

  • Stock market is resuming it’s downward trend after an up day yesterday.
  • Citibank is currently trading for less than the price of a Jr. Bacon Cheeseburger at Wendys.
  • Rates drifted back up today.

We’re at 5.25% on a 30 year refi and 5.0% on a 30 year purchase both with 0 pts and a credit score over 720. 

Recommendations:  I’m going to sound like a broken record, but my recommendation is that you lock all loans.  Volatility is a lot higher than it should be and I believe that there’s more pressure pushing up on rates than down.

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