Wednesday, January 23, 2008

The Market or Mountain Top Finish

I've been following this for 7 years as a mortgage consultant. I've never seen the spread be 30bps. in one day. Lenders are going -APE SHIT- .5% difference in rates between this AM and now at market close. I think I'll take a nap now.


In other news: I got my bone scan yesterday. Still waiting to hear results. Still wondering when I'll feel good enough to ride my bike again.

2 comments:

Judi said...

Explain in english. I don't get it.

Sorelegs said...

Yeah I guess that is a bunch of Jagron. It was a big day all around. Interest rates went from 5.375% 1st thing in the AM (lowest in 3 -4 years) to 5.75 by the close of the day. My inbox was blowing up with lenders sending out multiple multiple rate changes. Wacky day for a mortgage guy...