Market SnapshotThe dow is currently down 455 points and the Fannie Mae mortgage bond is the benefactor, currently up 59 basis points. Based on the best market data available we would not have anticipated this dip in rates as other economic news tends to support growth.
Lock or Float?
Take a look at today's rates. If you think you may have missed out on refinancing or if you are purchasing and closing within the next month or so, or if you know someone in that boat, apply now and lock. This dip is based solely on what's happening in Europe and when stocks find their footing this "blip" will reverse. I advice locking.
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