Mortgage Pricing Update: 2/11/2008 Updated
Posted by arscherer on February 11, 2008
You may want to consider locking those loans in to conserve today’s pricing. As I mentioned earlier, the bonds are being directed by the investors in the stock market, and stocks are starting to make a slight rally from this morning.
Currently the MBS has dropped the gains that it achieved this morning and is even in comparison to Friday’s day end numbers.
Bottom line, if you like today’s pricing, lock in your clients who are closing in 7 days or less (if you haven’t already), and save the headache from a potential to lose on pricing tomorrow.
