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Thursday's bond market has opened in positive territory following sizable stock losses and weaker than expected economic news. The Dow is down 110 points and the Nasdaq has lost 16 points. The bond market is currently up 12/32, which should improve this morning's mortgage rates by approximately .250 - .375 of a discount point.

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... This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot b e guaranteed to be in the best interest of all/any other borrowers.

Thursday's bond market has opened in positive territory following favorable economic news and mixed stock reactions. The Dow is currently down 85 points while the Nasdaq has gained 11 points. The bond market is currently up 20/32, which should improve this morning's mortgage rates by approximately .375 of a discount point..
If I were considering financing/refinancing a home, I would.... Float 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 ... 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

Betteker Mortgage & Realty Services

Friday's bond market has opened in well in negative territory as traders erase a sizable rally in bonds yesterday. The stock markets are in positive territory after their large sell-off yesterday helped fuel the bond rally. The Dow is currently up 51 points while the Nasdaq has gained 17 points. The bond market is currently down 16/32, which will erase yesterday's late rally and prevent much of an improvement in this morning's mortgage 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... Float if my closing was taking place between 21 and 60 days... Float 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.