4.375% 30 year fixed

4.375% is the par rate on a 30 year fixed right now for prime borrowers with an APR of 4.601%. What a great rate... point in fact they may actually get a little better this afternoon. To the right you will see a snapshot of our current market. I anticipate these gains will hold today. If I am right I expect pricing to get slightly better due to lender hedging right now. Lenders definitely owe is better pricing right now (probably a quarter better or so) but have positioned themselves defensively. If the market continues to perform as it is right now they will have to reflect these gains in better (lower) pricing for interest rates.

Moving forward we'll be keeping a close eye on treasury auctions moving forward this week, and headline news from Europe. My recommendation right now is to lock.... there is far more that could compromise our markets than there is that could help it.

If you have questions or are looking to secure a fixed rate in the low 4s, contact us so we can get started immediately... 760.730.5040. Brokers are available and standing by to assist you.