After a tough day in the market yesterday where we lost 14 ticks on the 4.5 note, we are up 5 ticks currently, which is not so bad. As things stand we are currently trading with a new range. For those of you that waited until the New Year in hopes rates would come down slightly, our new range is trading above the slide at the end of 2010.
With that said rates do appear to be trickling up slowly but surely. This trend could buck but not likely given the climate. Now would be a good time to think about moving forward if you have been sitting on the fence. Rates are still low, and a well timed market can produce nice surprises (long as your working with an ethical broker) if you hold out and float into a well priced day.
And don't forget the benefit of shorter lock periods.
These are tricks we have discussed in the past, but things worth remembering moving forward.
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