Attention Floaters and Fence Sitters: MND Mortgage Rate Outlook

January 4, 2010 · Posted in Latest Interest Rates

Vic gave me permission to write on his blog today. Thank you Vic. So most readers are locked right? At least those of you who are closing in December? We have been shouting LOCK from the rooftops since early December. I assume there are not many readers still holding their breath in hopes of better mortgage rates before 2010. Right? Putting aside compliance issues…administratively I'm not even sure its possible not to be locked at this point in the month. Tomorrow is pretty much an off day, lock desks will be thinly manned and bps cutting decision makers will be no where near their rate sheets. Then early next week, only specific secondary staff will be present, the processing pit will be sparse, underwriters will have up out of office replies…but you should find a few closers and shippers…(read more)

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