Today, Bonds started well off their highs of yesterday, -19 BPS. Signaling the ok for Lenders to price their rate sheets a nudge up from yesterday’s close. But wait, look at what the traders are doing, buying Bonds again. Now the market is only down -6 BPS.
Have an idea where it will end? I do, I think they recover by the end of the day to a + number in anticipation of tomorrows Jobs report.
Honored as one of the 2010 Best Mortgage Brokers in Dallas! for D Magazine. Ranked 25th in 2009 production in the category Largest North Texas Residential Mortgage Lenders, according to the Dallas Business Journal!
Geoffrey is the “Frisco Mortgage Guy”!
P Please consider the environment before printing this email
P.S. I use DropBox as a more secure way to move papers back and forth – FREE! If you sign up from this link – we BOTH get an extra amount of storage space, still FREE!!!