Bryan Flynn's Central Massachusetts Mortgage Blog

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Mortgage Rate Update May 15th

Rates are looking good today after a rough afternoon mortgage bonds bounced off the 200 day moving average and are up modestly today.  Initial jobless claims came in a bit higher than expected which is good for bonds and bad for stocks (points to recession confirmation).  Empire State Index was worse than expected again good for bonds back for stock.  The Philly Fed Idex was better than expected today which is good for stocks rather than bonds.   All in all rates are better today than yesterday for now.  I would recommend to float your loans today.

Comment balloon 3 commentsBryan Flynn • May 15 2008 12:50PM

Comments

Now all we need need is more people that qualify for loans.

Posted by Melvin List, Purchase Specialist (www.FLBestRate.com) over 10 years ago

I hear you, rates got even better since that post, we should see some good rate sheets tomorrow.

Posted by Bryan Flynn, Central Mass and Worcester Mortgages (Regency Mortgage Corporation) over 10 years ago
Rates are even better late about 4pm or so.
Posted by Frank Marta, Texas Home Loan Specialist NMLS#: 245813 (Nuhome Group, LLC NMLS#:835196 - Houston Tx | Mortgage Broker| 713-373-0345) over 10 years ago

Participate