Today is a great day to lock in your interest rates if your close of escrow is within a week or so. The expected jobs number came is better than expected and that is causing the bulls to run on stocks. Investors usually pull their funds from mortgage back securities and dump them into stocks when we see this kind of performance. This will weigh on Mortgage Back Securities and cause fixed rates to increase. We are withing levels of resistance and support so they may stabilize in the next few days. Feel free to call me today with an update on rates and turn times.
May your transactions be smooth and your pipelines plenty full.
Adam
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