Rates Recover Moving Into Weekend...

Yesterday was a little nerve racking considering the sell off was following a developing downtrend, and treasury yields ran into the identified danger zone. Have to admit, it was difficult to stay sleep this morning known our markets opened at 5am.
Finally a 5:30, I couldn't take it anymore, got up and logged in to see where our market was trading. Problem with this is as soon as you're up and have the market open, it is incredibly difficult to walk away, in the early morning low volume tends to have more of an influence over pricing than it perhaps should - and when larger players manage to make it into their office and begin trading corrections often occur in the opposite direction the low volume was trying to establish.

So, it was an early morning. Thankfully, our market has held strong today, and made back what we lost yesterday. All things considered rates are very attractive still, with pricing in the low fours still available for 30 year fixed rates and credit worthy borrowers.

This weekend would be an excellent time to start work on your refinance. Difficult to say how long these low rates are going to last. It would appear as though we are starting to see some resistance.