Mobile Home Loan Funding Blog

Thursday's bond market has opened in negative territory again as investors prepare for tomorrow's big news. Also hurting bonds this morning are sizable stock gains that has the Dow up 128 points and the Nasdaq up 30 points. The bond market is currently down 8/32, which with yesterday's late sell-off, will push this morning's mortgage higher by approximately .500 of a discount point compared to yesterday's morning rates.

If I were considering financing/refinancing a home, I would.... Lock if my closing was taking place within 7 days... Lock if my closing was taking place between 8 and 20 days... Lock if my closing was taking place between 21 and 60 days... Lock if my closing was taking place over 60 days from now... This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of all/any other borrowers.

Mark Betteker