All Quiet on A Smooth Friday

After a rough week with rates climbing higher by .125 or so things have leveled off. Indicators today were in line with expectations.We still see higher rates ahead. Its pretty hard to be getting over 5% on a 1 Yr. CD and getting a 30 Yr Mortgage at 6.25. Not too much of a spread for the financial Institutions. Stay sharp and always remember when you are shopping for a mortgage when you show the Lender you have some understanding of how things work they will "sharpen their pencil" and usually give you the best deal they can. Knowledge is POWER!! Enjoy our site and please let us know how it worked for you.

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