Hot news from AZ Home Help:
Posted To: Mortgage Rate Watch
This may be what you've been waiting for! Over the course of the past few days and weeks, we've been increasingly trying to convey the same message: mortgage rate movements are quite volatile and the best course of action is to look for a rate and fee structure that you can live with and get out of the waiting game now. This can fell hard to do in a falling market as the natural reaction is to hope for a bit of correction before resigning ourselves to lock in at the worst rates we've seen in a while. But that has changed somewhat this afternoon and here's why... Sure enough, the day started poorly and rates continued to rise in the morning, but just before the noon hour, the market for MBS (the mortgage backed securities that are constantly trading hands and dictating your loan pricing) started...(
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Source:
www.mortgagenewsdaily.com - For more real estate news visit our website at http://www.AzHomeHelp.com
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