I rarely (if ever) advise locking an interest rate on a Friday for this reason: Interest rate prices are improved today, extending Friday afternoon’s gains. Better than expected existing home sales data was trumped by it’s own disappointing overall levels. Factory orders had an opposite report, declining aircraft and auto orders, while the overall report was robust showing gains in all other sectors. Traders continue to dominate the markets, (looking at the negative side of these reports) sending the dow into negative territory. We are being fed recovery news from all sides, but with little organic growth are we really recovering? We’ll see which way the traders take us this week. One thing is for sure, they create one heck of a roller coaster ride!
To request a personalized rate quote and mortgage pre-approval, you may reach me directly at:
or Dan Keller @ (425) 350-7136