Market Update Treasuries rally this morning after the GDP comes in worse than anticipated at 5.6% versus the previous readings of 5.9%. The increase in real GDP in the fourth quarter was primarily caused by positive contributions from private inventory investment, exports, personal consumption expenditures, and nonresidential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased. Next week we have nonfarm payrolls on Friday, and thankfully no auctions until th
ZT Mortgage Rates Stabilize After Hitting 2010 Highs. Floating Into Next Week If you can lock in today at 4.875% with acceptable fees, you should strongly consider locking. If your lender is offering 5.00% or higher, I feel it is worth the risk to float. Our "lock at the price highs, float the lows" strategy has worked well this year. I continue to believe 4.75% is the lowest rate we shall see this year. With the upcoming end of the Fed’s MBS purchase program and the seemingly unending supply of