Can anyone say 4.25% with an APR of 4.554% on a 30 year fixed mortgage... Rates have broken record lows... unfortunately markets don't wait for the headlines to catch up... I imagine you will here this news in the conventional media outlets probably tomorrow, which is unfortunate because our market is selling off right now, which will force rates up slightly in a reprice.
We have not seen on yet, because the result of the 10 year treasury auction will be out literally at any time now... no picture until my next post, a couple hours from now which will allow time for the 10 year treasury auction results to set in.... We will see, but if I had to make a prediction, reprices for the worse this afternoon. Hope I'm wrong....
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