Rate Lock recommendation continues after Fed announcement

Lock!

Rates moved up quickly today causing lenders to increase rates by .125%-.25% (FHA and Conventional loans respectively).  Much of the information released today was misleading because what happens on Thursday and Friday isn't reflected in their reports.



For options and rates call me.  The move up could be something temporary and as the markets settle, December's most likely target identified by the Fed yesterday could be the new line in the sand and best rates in 28 weeks could still be available for awhile longer.  :)

Here's the link to the excellent article to explain more about why it's important to have a close relationship with your loan originator who can call you BEFORE rates go up and you can lock your rate BEFORE the markets change: Reports are too slow, too late