its been approximately a month since my last blog.
interest rates have continued to soften
currently lenders a giving bigger discounts for quicker closings - which reduces their costs of hedging any positions.
5 year money closing within 45 days - currently 5.39
5 year money closing within 30 days - currently 5.25
5 year money closing within 120 days - currently 5.69-5.74
prime has dropped 1/2 and will likely drop another half - inflation continues to pick up - eventually rates will bounce back - but for now - ride the wave
greygoose out
Saturday, March 8, 2008
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