Watch That 10YR For Rate Lock-ins..!

Posted by Noah Rosenblatt on July 31, 2007 at 5.32 AM

A: While I'm away, be sure to watch the 10YR for a rise in yields! They closed at 4.8% and I don't expect them to stay at these low levels for that long! If your close to a rate lock in, I would consider doing it soon especially if these yields start rising, which is what I would bet on after the huge drop off in past week. The lending markets already corrected at a lag from these rate drops, and who knows how quickly they could rise if bond yields start going up again! Keep your eyes open.

Just a heads up as postings will be light for next few days while Im in SF for Inman Conference! Read my post a few days ago on Rate Check Follow Up for more about this.

Good Luck.

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