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Should i lock today.. what does all this stock /bond/ job creation talk mean on finance.yahoo?

by robert.j2292510 from Simi Valley, California. Nov 8th 2013 Reply


What type of loan are you doing?

Nov 8th 2013
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I could mean that the economy is improving a little bit and when markets are up on a good note interest rates go a little up. Usually a few basis points.

Nov 8th 2013
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Sara Deere (Mortgagequeen2)
#15 ranked lender in Missouri - 608 contributions

Between today and early next week it should not make that much difference overall. As previously stated in another response when the market goes up or down, most of the time rates parallel.

Nov 8th 2013
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Often when rates increase significantly from one day to the next there is a correction a few days later - but it is literally like trying to predict what the stock market will do. We offer a free one-time float down so we usually advise locking and then if rates improve we can adjust the rate one time. (Anyone who knows what rates will be doing could make a LOT more money trading mortgage securities than as a mortgage banker...)

Nov 8th 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

Wait until next week.

Nov 8th 2013
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