Mortgage Rates have been updated.
Reactions and Recommendations:
Reactions - volatility continues to plague the markets and the overall economic news (like I’ve discussed earlier) remains quite negative. The stock market seems to be doing an every other day bi-polar switching between negative and positive moods and the results are showing. Some of the internal signals are showing that the “shine” is coming off of Paulson’s effort to buy mortgages and keep mortgage rates low.
Recommendations - due to the volatility and the ongoing stress in the financial markets, I’m recommending that you lock all loans.
I’ll keep in touch, let me know if I can be of help.
Last 5 posts in Mortgage Rates
- A Kick in the Stomach? by the Fed? - November 5th, 2009
- So... What did the Fed do? - November 4th, 2009
- Home Refinancers Save $3 Billion - November 2nd, 2009
- So, How's the Mortgage Market Today? - October 29th, 2009
- RateWatch October 28 - Sustainable? Depends on what you mean. - October 28th, 2009
- Stumble it!
- Categories: Mortgage Rates
Comments
2 Comments so far
pk
Locking right now seems like a good idea.
Heard that wells fargo can do mortgage modification after closing for
$750. is that true
Tom Vanderwell
I don’t work for Wells Fargo but I can refinance a mortgage for $750 after closing…..
Tom