My Mortgage Blog

Here’s a quick look at the market…

Rates were better just over a .25% on the 30 year…this is compared to the prior week.

But overall rates are higher and are going to continue in that upward trend.

We might see a little rebound so float with caution if you want to try to work it for every penny!

This week we have a few events going on…

The most important are December retail sales, CPI, and industrial production and factory usage.

But rates are going to be influenced this week by the demand…or lack there of demand we see in the $84B of notes and bonds being sold off this week by the treasury.

So again…float with caution…especially if you're closing within the next week.

Don’t forget that Monday is Martin Luther King Jr Day so Banks and markets are closed!!

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