I pay a yearly subscription to a company called the Mortgage Market Guide. They offer daily advice on what Mortgage Rates are doing and why. For the most part, they are spot on with their daily updates and what we as Brokers should expect. On their website they have a chart called the Japanese Candlesticks. When the Bonds are going well, we see Green on the dash. When Bonds are going bad, Red is the color of the day. (and we have seen more Red lately than Green)
But what is going on with the Bonds now is silly. It would seem that even a strong gust of wind could move the Bonds to the negative. I might be the only optimist left out there in the Broker world that truly believes that we will see the rates lower again. I thought it would have been by now but nope- still selling with Mortgage rates moving North.
What is your prediction about Mortgage Rates over the next 6 months?
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.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!!!