Monday, November 3, 2008

Rate Watch 11/03/08: Floating with finger on Lock Trigger

The bond prices over the past 5 trading days indicates that traders are indecisive about the direction of the economy. Bond prices remain above an important level of support which could be tested. I will watch closely at the stock and bond movement today and will alert you if there is a need to lock.

I have posted National Overnight Average Mortgage Rates in a seperate Blog post today whick shows today's rates at approximately .125% higher today than they were 2 weeks ago.

See also my Blog Post for the Rate Trend Index where a slight majority of Bond Trading Experts predict rates will be increasing over the next 30-45 days.

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