Mobile Home Loan Funding Blog

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.