This afternoon, stocks stalled and rates picked up some of the early losses. Overall, fixed rates improved by .125% to price on average. So, if 4.5% cost .125% in the morning, it was available with zero points in the afternoon. Not much data to shake things up tomorrow, continue to monitor the 10 yr treasury yield, which will take direction from the stock market. Next week will be more eventful with 3 treasury auctions on tap. I continue to maintain a bias towards locking your loan if you anticipate closing in the next 30 days.
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