Today it was announced that Jobless claims were up yet again for the 6th week out of 8 in 2010. This is just confirming that the economy is not growing or expanding as they thought it would. What does this mean to you? It bring mortgage rates down just a little bit more, mortgage rates move very slowly on the way down and will usually always require negative news to do so. If you are looking to lock in your mortgage rate on your new purchase or your refinance, this may be the day to do it. Not to rush, we want to see how this plays out and we will be watching the mortgage back securities very closely for more improvement as we lead into Friday.
Any questions???? Email me anytime at bill@billnickerson.com
Bill Nickerson
Vice President Mortgage Network, INC
179 Great Road, Acton MA 01720
978.264.4803 (o) 978.273.3227 (c)
Providing Mortgages Since 1991
Commercial Residential Reverse FHA/VA
No comments:
Post a Comment