The BIG Rate Bounce

Wow!  That sure was one short lived drop in rates.  Congrats to all those that took advantage!

The morning started off with a bang and the lowest mortgage rates in over 3 years.  Then, early afternoon the markets reversed course and our lenders repriced twice during the afternoon.  Both times for the worse.

I expect the market to pull back (move higher) from here until we get past the next Fed meeting.  Yes, we might see these rates again but it will be a few more months.  Make sure you are ready to catch the next dip.

I'm sitting here catching up on paperwork tonight and making sure those that want to lock in get a chance.  Don't hesitate to call or email if you need something.

Brett

brettg (at) tidalwavecapital.com