Wednesday’s 3/26/2008 Interest Rates bond market

Wednesday’s bond market has opened in positive for hopes that rates will lower in the next couple days because of a weaker than expected economic news and early stock losses. The stock markets posted sizable losses with the Dow down 108 points and the Nasdaq down 25 points in the first of today. On the other hand, the bonds settled by middle of the day and therefore may not result in a significant change if at all by tomorrow. This is a volatile market, and days of lowering rates could easily be followed by days of higher rates. My suggestion might be that borrowers lock their loans and realize the super low rates as they are now and accept that they might lose out on a .125% drop in days or weeks after but could cut any possible loss by locking now.
See my blog on occasion for major changes and updates in the Home Loan market. Frisco Mortgage and Frisco Homes may see good numbers with the lowering rates of recent weeks.
Be sure to see our spot on Best of Frisco’s website and you can find us there by searching on that site by key word, ‘financial’, and when you see the Frisco Financial Group you might see some new positive reviews for our team there.
Best of luck in your Home Search.
Brad Lynch