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Wednesday, November 5, 2008

Rate Watch 11/5/08: Floating

We are now in the 4th day of a float recommendation and have enjoyed a 191 basis point price improvement in the last 4 trading days! With more abysmal news in the economy arriving both internationally and in the U.S, I recommend floating for now as we have established the 200 day moving average as the new floor of support.

As we meet the rate watch targets which you and I have established as a good time to explore your refinance opportunities, I will be sending e-mail alerts to you.

Please call or e-mail me when you receive these e-mails and we can talk about the details of your refinance benefits!