The risk of interest rates moving higher than 6% is great!
Tag Archive: interest rates
Mortgage Rate Update: February 15, 2008
If you’ve been following my updates on The Industry Minute, you know that the President signed the Stimulus Package on Wednesday, February 13th. I also informed you that Wednesday’s Retail Sales Report led to deteriorated pricing and the volatility continued throughout the week! This week’s Consumer Sentiment Report wasn’t too bad, translating into healthier corporate…
Floating and Locking in the world of Interest Rates
I asked my friend Ricardo Bueno, a Pasadena Mortgage Broker to explain in detail the difference between locking and floating a loan and what does that mean. Here’s his post – Enjoy! Lock or Float? Mortgage Rate Locks Defined! If you’ve been following the Daily Mortgage Updates here on The Industry Report, I’ve been giving…