Currently, mortgage rates are better by .250% of a discount point. The stock market has opened down 99 points, and trading fears are in a sell off right now, running to the security of Treasuries. If this holds till pricing is set at 11:00 am, we could see a slight improvement in long term interest rates when interest rates are released at 11:00.
As in past days, the market can swing tremendously in a matter of minutes. Rates will fluctuate until the time a rate and program is locked in.
Thursday, March 5, 2009
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Thank you for your remarks. I will review your submission and post it accordingly. Dave.